Vancouver, British Columbia--(Newsfile Corp. - July 7, 2023) - MTB Metals Corp. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9U) ("MTB" or the "Company") has retained Simone Capital Corp in the capacity of Investor Relations and Capital Markets Advisory.
Simone Capital will leverage its proprietary database to engage and coordinate roadshows with retail brokers, portfolio managers, analysts, and individual investors on the Company's behalf. Simone Capital is located in Toronto, Ontario and principally owned and operated by Anthony Simone and Matthew Benedetto. In consideration for the services, Simone Capital will be paid CAD$13,000 per quarter and granted 400,000 options. The term for this agreement is three months with an automatic extension for three additional three-month terms subject to termination on a 30 days' notice. Other than the retainer payable under the agreements, the Company does not anticipate any costs related to the engagement of Simone Capital.
The options granted to Simone Capital are exercisable at $0.12 per share for a five year term. The options will vest as to one quarter at the end of each three month period commencing October 7, 2023.
The Company also announces the grant of stock options to directors, employees, advisors and consultants for an aggregate of 1,560,000 shares at an exercise price of $0.12 for a term of 5 years.
In addition, the Company has granted Restricted Share Units ("RSUs") to directors, employees, advisors and consultants for an aggregate of 2,825,000 shares. The RSUs will vest after 12 months.
About MTB
MTB has six active projects spanning 670 square kilometres (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. With the focus on the Telegraph project, discussions are now underway leading to joint ventures and/or spinouts of other projects.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Caroline Klukowski
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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