Marketing Agreement PanCon can find all the gold and copper in the world, but if no one knows the results, the drill findings will never move the volume and stock price in an major way.
My favorite part of yesterday's news release is the portion below about engaging "Red Cloud Services" to market PanCon. By engaging with a marketing firm for a year, it shows that Pan Con has results that they believe are worth marketing and confidence in its future results to justify the expense.
This agreement has the ability to put the PanCon results in hands that will drive stock price and volume higher!
Read details below:
Capital Market Advisory Agreement
In addition, Pancon has engaged Red Cloud Financial Services Inc. ("Red Cloud") to provide capital market advisory services effective immediately. Red Cloud is a Toronto-based financial services company that provides advisory services to mineral exploration and mining companies. Under the engagement, Red Cloud will be paid a monthly fee of C$10,000 per month for a minimum of twelve months (the "Initial Term"), with the engagement to be automatically renewed on a month-to-month thereafter. After the Initial Term, the engagement may be terminated by either party upon one month's written notice to the other party. More specifically, Red Cloud will provide services such as organizing and administering road shows, drafting additional marketing materials, managing the Company's social media, providing traditional media support and assistance in the creation of video content for exclusive use on Red Cloud TV, and other services as required by the Company. In certain circumstances additional services may be provided to the Company by Red Cloud and an additional contingent consideration for such services may be applicable. Red Cloud does not have any interest, directly or indirectly, in the Company or its securities and it does not have any right or intent to acquire such interest. Red Cloud has no relationship with the Company other than as contemplated in the current engagement.