Business
Western Exploration Announces Addition of Peak Investor Marketing to Investor Relations Team
VANCOUVER, British Columbia / Jun 28, 2024 / Business Wire / Western Exploration Inc. (TSX-V: WEX) (the "Company" or "Western Exploration") is pleased to announ
About this update from Western Exploration Inc
[{"type":"text","content":"VANCOUVER, British Columbia / Jun 28, 2024 / Business Wire / Western Exploration Inc. (TSX-V: WEX) (the \"Company\" or \"Western Exploration\") is pleased to announce the addition of Peak Investor Marketing Corp. (\"Peak Investor\") to the Company's investor relations team, for the purpose of providing certain market-making and investor relations services in accordance with the policies of the TSX Venture Exchange (the \"Exchange\"). By leveraging Peak Investor, the Company hopes to heighten market awareness for Western Exploration and its business, including the Company's exploration and development plans for its 100% owned Aura Project, located in North Elko County, Nevada. In connection with Peak Investor's engagement, the Company and Peak Investor have entered into a marketing services agreement, pursuant to which, among other things, Peak Investor has agreed to provide certain market-making services in accordance with Policy 3.4 – Investor Relations, Promotional and Market-Making Activities (\"Policy 3.4\") of the Exchange (the \"Agreement\"). Pursuant to the Agreement, Peak Investor's engagement is for an initial term of six months and, upon the expiry of such initial term, shall automatically renew on a monthly basis until terminated by Western Exploration upon a 30-day prior written notice. In consideration for their services, Peak Investor will receive C$25,000 per month for the first two months, plus applicable taxes, and C$5,500, plus applicable taxes, per month for each subsequent month during the initial six-month term. After the initial six-month term, the Company will pay Peak Investor C$12,000 per month, inclusive of any taxes, until the Agreement is terminated by the Company. In addition, Peak Investor is entitled to receive 150,000 stock options, issued in compliance with and under the Company's Omnibus Equity Compensation Plan and in compliance with Policy 4.4 of the Exchange. Peak Investor is a marketing firm based out of Vancouver, British Columbia, with over 20 years of experience specializing in the junior mining sector. Their team has backgrounds in marketing strategy and planning, graphic and web design, digital and content marketing, PR and communications and event coordination. Scott Gibson and Nichola Vermiere, the co-owners of Peak Investor, hold 835,443 and 100,000 variable voting shares of the Comp...