Cangold Re-Engages Investor Relations Consultants; Grants Stock Options
22 1월 2014 - 5:40AM
Marketwired
Cangold Re-Engages Investor Relations Consultants; Grants Stock
Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 21, 2014) -
CANGOLD LIMITED (TSX-VENTURE:CLD), (the "Company") announces that
it has entered into a new consulting agreement (the "Agreement")
with San Diego Torrey Hills Capital, Inc. (the "Consultant") on
January 20, 2014 for the provision of investor relations services
including developing, coordinating, managing and executing a
comprehensive corporate finance and investor relations campaign for
the Company. The Agreement is for an initial term of 6 months.
After the initial 6-month term, the Agreement shall terminate at
any time upon 30 days written notice by either party.
San Diego Torrey Hills Capital, Inc. is a consulting services
company based in Rancho Santa Fe, California. The Consultant has
previously provided investor relations services to CANGOLD and
certain principals of the Consultant have previously purchased
shares of the Company.
As compensation for the consulting services provided by the
Consultant, CANGOLD will pay a monthly fee of US$5,000, commencing
3 months from the signing of the Agreement, and has granted the
Consultant an option to purchase a total of 100,000 common shares
at $0.10 per share. The options vest as to 25,000 shares on April
21, 2014 and 25,000 shares every 3 months thereafter until January
21, 2015. The options expire January 20, 2017.
The Company also announces that it has granted stock options to
directors, senior officers, employees and other consultants to
purchase an aggregate of up to 935,000 shares. The options are
exercisable at a price of $0.10 per share and expire five years
from the date of grant.
CANGOLD announced on Thursday, January 16, 2014 that it had
signed a Letter of Intent with Vista Gold for an option to acquire
up to a 100% interest in the Guadalupe de los Reyes Project in
Sinaloa State, Mexico.
ON BEHALF OF THE BOARD
Robert A. Archer, P. Geo., President & CEO
Cangold LimitedErick Bertsch604 638 8967604 608
1744info@cangold.cawww.cangold.ca
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