Rouyn-Noranda, Quebec, Canada, October 19, 2020 – Fokus Mining Corp. has entered inarketSmart will provide investor relations (IR) services to Fokus. The IR agreement is for an initial term of six months commencing on Nov. 1, 2020, with an option for renewal. Either party may terminate the agreement for any reason, with or without cause, on one month’s written notice to the other.
Jean Rainville, president and chief executive officer, commented, “Engaging a winning leading Canadian IR firm, such as MarketSmart, should significantly expand the investment community’s awareness of Fokus and its value proposition as we leverage our Galloway gold project.”to a consulting agreement with MarketSmart Communications Inc. pursuant to which M. Adrian Sydenham, president and a director of MarketSmart Communications, stated: “MarketSmart is extremely excited to be awarded the investor relations contract to Fokus Mining. The company is on the verge of an expansive 40,000-metre drill program at its Galloway project located in the historic Abitibi region of Quebec, Canada. The Galloway project offers an intriguing mix of gold zones, with an abundant of high-grade gold targets. We feel Fokus Mining’s multiphase plan will unlock Galloways potential, build value and create shareholder wealth.”
Pursuant to the IR agreement, MarketSmart will be paid $6,000 per month, plus applicable taxes, and will be granted an incentive stock option to purchase 200,000 common shares of Fokus at a price of 36 cents per share for a term of two years in accordance with the Fokus Mining’s stock option plan. The options will vest over 12 months. MarketSmart and its principals will act at arm’s length to Fokus Mining and currently have no direct or indirect interest in the securities of Fokus Mining, or any right or intent to acquire such an interest, with the exception of the above options. The IR agreement and grant of the options are subject to the approval of the TSX Venture Exchange.
About Fokus Mining
Fokus Mining is a mineral resource company actively exploring in Quebec on acquiring and exploring precious metals deposits located in Quebec.
We seek Safe Harbor.
About Fokus Mining
We are a mineral resource company actively acquiring and exploring precious metal deposits located in the province of Quebec. In implementing this major undertaking within the Canadian mining industry, we are determined to develop the full potential of the opportunity presented by the Galloway project and its Golden Triangle.