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Straightup Resources hires Wawel Capital for marketing
2021-05-21 17:44 ET - News Release
Mr. Mark Brezer reports
STRAIGHTUP RESOURCES RETAINS FINANCIAL ADVISORY FIRM AND GRANTS STOCK OPTIONS
Straightup Resources Inc. has retained Wawel Capital Corp. to provide financial advisory services, as well as investor relations and media and marketing services. Daniel Cruz, chief financial officer of the company, and Charles Brezer are the principals of Wawel. As consideration for the services, the company has agreed to pay the sum of $240,000 per annum, payable quarterly, with up to 50 per cent of the quarterly payment that can be paid by the issuance of common shares in the capital stock of the company, at a price per share equal to the discounted market price at the time of payment. The first quarterly payment of $60,000 shall be paid in cash in the sum of $30,000 and the balance by the issuance of 150,000 common shares at a price of 18 cents per share.
In addition, the company grants that, pursuant to its stock option plan, it has granted an aggregate of 500,000 incentive stock options to a director and a consultant. The stock options are exercisable at a price of 20 cents per share on or before May 13, 2026.
About Straightup Resources Inc.
Straightup is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit. In addition to exploration of its Red Lake division properties, Straightup intends to conduct exploration on the Hi-Mars property and the Ferdinand gold property. The Hi-Mars property consists of 11 contiguous mineral titles covering an area of 1,788 hectares located approximately 17 kilometres northeast of the city of Powell River in southwest British Columbia, Canada, within the Vancouver mining division.