GREY:GLBCF - Post by User
Post by
rhodiumdon Mar 13, 2014 4:24pm
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Post# 22319945
NEWS
NEWSANCOUVER, BC / MARCH13th, 2014 / GLOBAL COBALT CORP. (TSXV:GCO) (“Global Cobalt” and/or the "Company") (TSXV:GCO) is pleased to announce that the Company has entered into a financial public relations service agreement with Mi3 Communications Financières Inc. ("Mi3"), a Montreal based company.
This new agreement will support Global Cobalt in increasing its visibility in the financial marketplace and expand its coverage within financial networks.
The Agreement has an initial term of 2 months until May 13th, 2014. In consideration for the provision of the services to be provided, Mi3 will be paid $7,500 per month, plus applicable taxes for the first two months and then $4,500 plus applicable taxes will be in effect on a month to month basis. Global Cobalt will also grant Mi3 up to a maximum of 300,000 incentive stock options at an exercise price of $0.10 per share for a period of five years which will be subject to vesting requirements as set out by the policies of the TSX Venture Exchange. The Agreement is subject to acceptance of the TSX Venture Exchange.
The Company would also like to announce that subject to TSX Venture Exchange acceptance that the Board of Directors has approved the issuance of 1,000,000 incentive stock options to acquire shares of the Corporation in accordance with the terms and conditions of the Corporation’s Stock Option Plan. The options granted to consultants and advisors have a term of five years and may be exercised at a price of $0.10 per share.