Yahoo finally here SUDBURY, ON, May 2, 2018 (Canada NewsWire via COMTEX) -- Transition Metals Retains IR Plus for Investor Relations Services
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Transition Metals Corp (TSXV: XTM) ("Transition" or the "Company") a mineral exploration, project generator is pleased to announce that it has retained IR Plus Inc. ("IR Plus") to provide the Company with strategic investor relations and financial communications services subject to Exchange approval. IR Plus is a corporate communications and investor relations firm based out of Rhode Island, USA with a focus on broadening market awareness and engagement with the institutional and retail investment communities. IR Plus will be responsible for marketing and shareholder communications, which includes enhancing the Company's exposure among industry stakeholders and investors across Canada, and the United States.
Mr. Raymond Mullaney, the President and founder of IR Plus, is also the founder and president of Equity Performance Sciences, LLC., a financial technology company, and Capital Preservation Trust, LLC., a State Registered Investment Advisor. Mr. Mullaney has owned registered investment firms in the US since 1982 and has served on boards of several US and Canadian public and private companies.
Under the terms of an investor relations agreement between Transition and IR Plus effective May 1, 2018 (the "Agreement") Transition will pay IR Plus a monthly fee of US$1,500 for select strategic investor relations services on a month to month basis, terminable at any time by either party, upon providing 30 days written notice.
In addition, Raymond Mullaney will retain 175,000 stock options (fully vested) that were granted to him under a previous consulting contract dated May 2, 2017. Each stock option entitles Raymond Mullaney to purchase a common share in the capital of the Company at an exercise price of $0.20 at any time prior to May 2, 2020 subject to the Company's stock option plan. IR Plus has advised the Company that Raymond Mullaney currently owns/controls 1,199,000 common shares of the Company and 50,000 warrants to acquire common shares of the Company. Each Warrant entitles Raymond Mullaney to purchase one additional Common Share prior to November 27, 2019 at a price of $0.20.
Exposure is here at last