Tru Precious hires Momentum, MI3 for IR services
2021-02-25 20:29 ET - News Release
Mr. Joel Freudman reports
TRU PRECIOUS METALS ENGAGES MOMENTUM AND MI3 FOR QUEBEC INVESTOR RELATIONS
Tru Precious Metals Corp., subject to regulatory approval by the TSX Venture Exchange, has engaged Momentum Public Relations Inc. and MI3 Communications Financieres Inc. to spearhead the company's investor relations efforts, predominantly in the province of Quebec.
Momentum will assist the Company by facilitating dialogues with investors and stockbrokers, and by advising the Company on various financing alternatives. As consideration for these services, the Company has agreed to pay Momentum a monthly cash fee of CAD$9,200, for a 6-month term scheduled to commence on April 1, 2021. The Company has also agreed that, following completion of its TSXV Change of Business (as such term is defined in TSXV policies) and resumption of trading of the Company's shares on the TSXV, it will grant Momentum 450,000 incentive stock options ("Options") on terms to be determined by TRU's board of directors (the "Board") and in accordance with the Company's stock option plan (the "SOP") and TSXV policies.
MI3 will provide the Company with a wide range of publicity and investor relations services, including conducting targeted communications campaigns following notable developments about the Company, and arranging virtual introductions to and roadshows with stockbrokers and high-net-worth individuals. As consideration for these services, the Company has agreed to pay MI3 a monthly cash fee of CAD$5,000, for an initial 6-month term scheduled to commence on April 1, 2021. The Company has also agreed that, following completion of its TSXV Change of Business and resumption of trading of the Company's shares on the TSXV, it will grant MI3 100,000 Options on terms to be determined by the Board and in accordance with the SOP and TSXV policies.
Each of Momentum and MI3 act at arm's length to TRU and do not currently have any interest, directly or indirectly, in the Company or its securities. Each of Momentum and MI3 intends to acquire securities of TRU in the future.
About Momentum Public Relations Inc.
Momentum is a Montreal-based public relations and investor relations firm that assists public companies in distributing their messaging to target audiences within the North American investment community. Through a national network of institutional investors, analysts and financial media relationships, the team communicates each client's value drivers, growth potential and developmental vision clearly and efficiently. The experienced team of communications specialists works closely with senior management of each client to build publicity campaigns while executing on a long-term investor relations strategy that remains flexible to respond to immediate changes. Momentum's address is Suite 109 - 50 La Barre Street, Longueuil, Quebec, J4K 5G2. For further information about Momentum, please visit https://momentumpr.com/.
About MI3 Communications Financieres Inc.
Launched in 2007, MI3 is a Montreal-based financial communications and investor relations firm geared for today's fast-paced global economy. MI3's services were developed to leverage the trading and market experience of its bilingual team to provide public relations, market-making activities and investor relations to Canadian public companies. MI3's address is Suite 402 - 590 Jacques Lavigne, Ste-Therese, Quebec, J7E 0A8. For further information about MI3, please visit https://mi3.ca/.
About TRU Precious Metals Corp.
TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt. The Company has entered into a definitive option agreement with a subsidiary of TSX-listed Altius Minerals Corporation for the option to purchase 100% of the Golden Rose Project, located along the deposit-bearing Cape Ray Valentine Lake Shear Zone. TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.'s high-grade Queensway Project. TRU's common shares trade on the TSX Venture Exchange under the symbol "TRU" and on the OTCQB Venture Market under the symbol "TRUIF".
TRU is a portfolio company of Resurgent Capital Corp. ("Resurgent"), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies. For more information on Resurgent and its portfolio companies, please visit Resurgent's LinkedIn profile at https://ca.linkedin.com/company/resurgent-capital-corp.