Trading Symbol - NMD.V
VANCOUVER, Oct. 30, 2014 /CNW/ - Nomad Ventures Inc. ("Nomad") (TSX-V: NMD) is pleased to announce that it has entered into an investor relations agreement with Palisade Capital Corp. (the "Investor Relations Agreement"). Under the Investor Relations Agreement, Nomad has agreed to pay a monthly consulting fee of $6,000 and will issue options to purchase 100,000 common shares of Nomad at a price of $0.05 per share. The options are subject to the vesting provisions and the terms and conditions of Nomad's stock option plan and the policies of the TSX Venture Exchange. Pursuant to the Company's non-brokered private placement announced on October 24, 2014, Palisade has subscribed for 1,000,000 common shares at price of $0.05 per share for gross proceeds of $50,000.
Palisade Capital Corp., as an independent consultant, will provide financial market consulting services to the Company including introducing Nomad to Palisade's network of brokers, private investors and portfolio managers. Palisade will also be preparing corporate presentation materials, and handling Nomad's public and media relations. Collin Kettell, the CEO and Principal of Palisade, will be primarily responsible for providing the services to the Company.
Palisade is a merchant-banking group headquartered in London, UK. Palisade offers strategic consulting services to public and private companies looking to expand their corporate footprints and attract new international investment.
The Investor Relations Agreement, which is subject to the approval of the TSX Venture Exchange, is for a period of 6 months and, at the option of Nomad, may be renewed for an additional 6-month term. Nomad may terminate the Investor Relations Agreement on providing 10 days written notice to the other party.
On behalf of the Board of Directors,
Nomad Ventures Inc.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Nomad cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Nomad's control. Such factors include, among other things: risks and uncertainties relating to Nomad's limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Nomad undertakes no obligation to publicly update or revise forward-looking information.
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.
SOURCE: Nomad Ventures Inc.
For further information: Phone: 604 987-6012, Email: [email protected], Website: www.nomadventures.ca