Canada Gold Corp. Retains Small Cap Invest Ltd. As European Investor Relations
15.11.2011 | The Newswire
Vancouver, November 15, 2011 - Canada Gold Corporation (TSX-V: CI, Frankfurt: T9N, OTC-BB: CNGZF) ("Canada Gold" or the "Company") is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with Small Cap Invest Ltd. ("SCI") as European Investor Relations, effective November 15, 2011.Pursuant to the Agreement, SCI will provide European investor relations services to the Company, including forging relationships with registered representatives, portfolio managers, bankers, and other advisers who may be interested in investments of the Company's common stock; assisting the Company in developing its corporate profile, news releases and marketing materials and translating and distributing these materials to German and European investors; and acting as the main investor relations contact in Europe, attending road shows and delivering presentations as required.
Under the terms of the Agreement, the Company will compensate SCI EUR 2,500 per month for the one year term of the Agreement, with the right to cancel the Agreement after the first 6 months of service and/or extend it past its initial term. The Company has also granted to SCI 225,000 incentive stock options to purchase up to 225,000 common shares of the Company at a price of $0.25 per share, exercisable for a period of two years, until November 14, 2013. These options are subject to vesting provisions pursuant to which 25% of the options granted will vest in each quarter over 12 months.
The transactions contemplated herein are subject to final TSX Venture Exchange approval.
For more information, please contact the office or visit www.canadagold.com.
On behalf of the Board,
"Dave McMillan"
Dave McMillan, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This release may contain forward-looking statements. Actual results could differ materially from those described in this news release as a result of various factors, including, but not limited to the timing of and ability to obtain regulatory approvals. The Company cautions that these and similar statements involve risk and uncertainties and are qualified by important factors, including the risk that the Company will not obtain required approvals, which could cause actual results to differ materially from those in the forward looking statements. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.