ORIGINAL: CoTec Holdings Corp. Engages Torrey Hills Capital
2024-08-01 07:02 ET - News Release
VANCOUVER, BC / ACCESSWIRE / August 1, 2024 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. ("Torrey Hills"), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to acceptance by the TSX Venture Exchange ("TSX-V"). Cliff Mastricola is the principal of Torrey Hills and will be responsible for all activities related to the Corporation.
Torrey Hills is a leading investor and financial public relations firm specializing in small and microcap companies. Torrey Hills will increase awareness about CoTec through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S. and Canadian marketplaces.
Torrey Hills has been engaged at a rate of US$5,000 per month for an initial term of six months. After the initial term, the agreement will be automatically extended, subject to a 30-day termination notice by either party. The Corporation has also agreed to a one-time grant of 150,000 incentive stock options (the "Options") exercisable at a price of C$0.50 per share for a period of three years. The Options will be subject to the terms of the Company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
Torrey Hills currently has no direct or indirect interest in the securities of the Company, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.
The appointment of Torrey Hills as an investor relations consultant of the Company remains subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
About Torrey Hills
Torrey Hills was formed in 1998 and is headquartered in Rancho Santa Fe, California. The team of professionals offers experience and expertise in investor relations, corporate communications, non-deal roadshows, and market support activities. Torrey Hills specializes in the development and marketing of emerging growth companies which trade in the United States (NYSE, AMEX, and OTC) and in Canada (TSX, TSX-V, and CSE). Marketing activities articulate key investment attributes, strategic direction, and financial expectations, which combine to ensure that client market value fully reflects past achievements and future opportunities. Further information is available at www.sdthc.com.