VANCOUVER, April 13, 2017 /CNW/ - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") announced today that it has engaged SRC Swiss Resource Capital AG ("SRC") to provide investor relations and corporate communications for the Company. SRC is a Switzerland-based company which provides value for its clients through clear and concise delivery of information pertaining to the precious metals and resource sector.
Pursuant to the investor relations agreement, Jochen Staiger, Chief Executive Officer of SRC, will oversee all investor relations services in Europe on behalf of Rye Patch, which includes disseminating investor relations information and communication in the German speaking financial community, for a 12-month period. Jochen Staiger has over 16 years experience in the precious metals industry and started in 2001 as an asset manager with investments in precious metals and mining stocks. Since 2008, Mr. Staiger has built his European business in investor communications, social media and investor relations. In 2012, Mr. Staiger founded Commodity-TV and Rohstoff-TV.
At the election of Rye Patch, SRC may also perform additional services (the "Additional Services"), including representing Rye Patch at roadshow tours, stock days in Germany and such other events.
In consideration for the services provided, Rye Patch will pay SRC a fee of CDN $3,900 per month and grant a stock option to SRC to acquire up to 250,000 common shares of the Company at a price of $0.40 per share for a term of three (3) years (the "Base Compensation"). Compensation with respect to the Additional Services is not included in the Base Compensation and will be determined and invoiced separately. The foregoing is subject to TSX Venture Exchange approval.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
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 Rye Patch Gold Corp.
For further information: Rye Patch Gold Corp, [email protected], Tel.: (604) 638-1588, Fax: (604) 638-1589