VANCOUVER, June 21, 2018 /CNW/ - Nubian Resources Ltd. (the "Company") (TSX VENTURE: NBR) is pleased to announce that it has engaged the services of Small Cap Invest Ltd. ("SCI"), a Frankfurt-based business development and corporate advisory firm. Alex Friedrich is the President and Chief Executive Officer of SCI.
SCI has extensive experience and a strong track record of success working with promising growth companies in increasing their visibility and access to capital through SCI's extensive network of experienced partners and investors primarily in Europe. The SCI team has a strong background in the European financial community and provides support in listing of stocks, road shows, trade shows, securing public funding, private financing and M&A.
Martin Walter, CEO of Nubian commented, "I am extremely pleased to be working alongside SCI and Alexander Friedrich. His extensive network within the European Resource Investor community will provide further exposure for Nubian. SCI's track record simply increases my confidence that we will be successful with this objective."
Pursuant to the Agreement, the Company has granted SCI 100,000 incentive stock options to purchase up to 100,000 common shares of the Company at $0.40 per share, exercisable for a period of two years. These options are subject to vesting provisions pursuant to which 25% of the options granted will vest in each quarter over 12 months. The appointment of SCI is subject to the Company making the required filings with the TSX Venture Exchange as provided for in its Policy 3.4.
Neither the 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 includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, beliefs or expectations regarding the future. Although the Company believes that any such intentions, plans, estimates, beliefs and expectations in this news release are reasonable, there can be no assurance that any such intentions, plans, beliefs and expectations will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements. Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. The Company assumes no obligations to update any forward looking statements, whether as a result of new information, future events or otherwise.
SOURCE Nubian Resources Ltd.
For further information: Martin Walter, Chief Executive Officer, Nubian Resources Ltd, at 416 389 5692 or [email protected]