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VANCOUVER, Aug. 29, 2018 /CNW/ - Rover Metals Corp. (TSXV: ROVR) ("Rover" or the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") with MI3 Communications Financières Inc. ("MI3") of Montreal, Quebec pursuant to which MI3 has agreed to provide investor relations services for the Company, subject to acceptance by the TSXV Venture Exchange (the "Exchange"). The principal of MI3 is Mario Drolet.
MI3 has been retained for an initial term of six (6) months commencing on August 29, 2018 (the "Effective Date"); provided however that the Agreement may be renewed by the parties for an additional term of six (6) to twelve (12) months.
As consideration for the services provided, the Company will pay MI3 a fee of $6,000 per month, plus the reimbursement of approved expenses. The Company will also grant MI3, in accordance with the policies of the Exchange and the Company's stock option plan, incentive stock options (the "Options") to acquire up to an aggregate of 300,000 common shares in the capital of the Company at an exercise price of $0.125 per share for a period of five (5) years. The Options will vest in six (6) equal monthly installments of 50,000 Options each.
Rover is a natural resource company specialized in Canadian precious metal resources and is currently focused on the Northwest Territories of Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer and Director
Statement Regarding Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to the engagement of MI3 and the consideration payable to MI3. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BUFFALO MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
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 press release.
SOURCE Rover Metals Corp.
For further information: Judson Culter, Email: [email protected], Phone: (604) 449-5347