RooGold Engages Cascade Ventures Ltd

Rhea-AI Summary

RooGold Inc. (OTC: JNCCF) has engaged Cascade Ventures Ltd. for 12 months to enhance corporate strategies including investor relations and communications. Cascade will receive $5,000 monthly plus 10% of funds spent on services, along with 500,000 stock options at $0.265 per share. Additionally, RooGold granted 75,000 stock options to other consultants. RooGold aims to solidify its presence in New South Wales, Australia, with a portfolio of 13 high-grade concessions covering 1,380 km².

Positive

• Engagement of Cascade Ventures for corporate consulting indicates proactive investor relations strategy.
• The consulting services are aimed at increasing market awareness and positioning in the junior exploration sector.
• The issuance of stock options to consultants may align their interests with company growth.

Negative

• Cascade's compensation includes 10% of the funds spent, which might strain financial resources.
• Dependent on the success of consulting services, potential dilution of existing shareholder value due to stock options.

VANCOUVER, BC / ACCESSWIRE / November 8, 2021 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) - RooGold Inc. ("RooGold" or the "Issuer") is pleased to announce that it has engaged Cascade Ventures Ltd. ("Cascade") for corporate consulting services. The consulting services, which are to commence immediately and for an initial term of twelve (12) months, are anticipated to include investor relations planning and budgeting, communications strategies, campaign development and management, and corporate positioning. Cascade will receive cash compensation of the greater of $5,000 per month and 10% of Issuer funds spent on services programs developed by Cascade. The Issuer also confirms the grant of 500,000 stock options to Cascade which are exercisable at $0.265 per share for a two (2) year period from grant, subject to vesting after three (3) months hereof.

"We're excited to come on board to help devise and implement a plan to increase market awareness for ROOGOLD, as we believe they have potential to become a true international player in the junior exploration sector." stated Ryan Bilodeau, Principal at Cascade Ventures.

RooGold also announces the grant of an additional 75,000 stock options to certain consultants at an exercise price of $0.265 per share for a period of two (2) years from grant, subject to vesting after three (3) months hereof.

Cascade Ventures Ltd. Contacts:

Ryan Bilodeau, Principal
T: (416) 910-1440
ryan@cascadeventures.co

About ROOGOLD

ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of highly mineralized precious metals properties in this prolific region of Australia. Through its acquisition of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which is home to 137 historic mines and prospects.

For further information please contact:

Michael Mulberry
T: 778-855-5001
info@roogoldinc.com

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.

Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: RooGold Inc.

View source version on accesswire.com:
https://www.accesswire.com/671513/RooGold-Engages-Cascade-Ventures-Ltd

FAQ

What is the purpose of RooGold engaging Cascade Ventures?

RooGold engaged Cascade Ventures to enhance investor relations and corporate strategies for increased market awareness.

How much will RooGold pay Cascade Ventures for their services?

Cascade Ventures will receive $5,000 per month plus 10% of the funds spent on services.

What stock options were granted to Cascade Ventures?

Cascade Ventures was granted 500,000 stock options exercisable at $0.265 per share for two years.

What is RooGold's focus in New South Wales, Australia?

RooGold is focused on consolidating and exploring mineralized properties, holding 13 high-grade concessions over 1,380 km².

How many stock options were granted to other consultants?

RooGold granted an additional 75,000 stock options to certain consultants at the same exercise price of $0.265.