NV Gold Appoints Investor Relations Consultant

Rhea-AI Summary

NV Gold Corporation (OTCQB:NVGLF) has appointed Robert Ferguson of Freeform Communications to enhance its investor relations and communication strategies. This one-year retainer includes a monthly fee of $4,000 plus GST/HST, along with an option for 250,000 common shares at $0.075 per share, vesting quarterly. NV Gold has no debt and approximately 80 million shares issued, positioning itself for productive exploration in Nevada.

Positive

• Appointment of Robert Ferguson may enhance investor relations and communication.
• Company has no debt and a solid treasury, indicating financial stability.

Negative

• Monthly fee of $4,000 plus share options could impact cash flow.
• Dependence on external consultant might raise concerns about internal investor relations capabilities.

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VANCOUVER, BC / ACCESSWIRE / October 4, 2022 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that subject to regulatory approval, it has retained the services of Robert Ferguson of Freeform Communications Inc. ("Freeform") of Vancouver, BC, to provide various investor relations, communications and consulting services for, and on behalf of, the Company in connection with the Company's interactions with shareholders, media and members of the investment community. The retainer is for a period of one year.

Mr. Ferguson is the president and CEO of Freeform Communications Inc, a Vancouver based Investor Relations firm which was founded 1992 and has acted on behalf of numerous public companies and has assisted in building awareness and providing on going Investor Relations services.

In consideration for such services, NV Gold has agreed to pay fee of $4,000 per month plus GST/HST. In addition, in connection with his appointment the Company has granted Freeform/Robert Ferguson an option to acquire 250,000 common shares of the Company at $0.075 per share, exercisable for a period of two years but subject to vesting of 1/4^th of the options every three months, with the initial 1/4^th of the options vesting on the 3-month anniversary of the grant. The Company will pay for the services of Freeform from its unallocated working capital.

The appointment of Freeform is subject to the requisite filings with and acceptance of the TSX Venture Exchange and applicable securities laws.

About NV Gold Corporation

NV Gold (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) is a well-financed exploration company with ~80 million shares issued, a solid treasury and no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. Leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive geological data library, 2022 promises to be highly productive for NV Gold.

On behalf of the Board of Directors,

John Seaberg, Director, and CEO

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Service 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: NV Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/718938/NV-Gold-Appoints-Investor-Relations-Consultant

FAQ

Who is Robert Ferguson and what role will he play for NV Gold?

Robert Ferguson is the president and CEO of Freeform Communications and will provide investor relations and consulting services for NV Gold.

What are the financial terms of NV Gold's agreement with Freeform Communications?

NV Gold will pay Freeform $4,000 per month plus GST/HST, and has granted an option for 250,000 common shares at $0.075 per share.

What is NV Gold's current financial position?

NV Gold has approximately 80 million shares issued, a solid treasury, and operates with no debt.

How long is the contract with Freeform Communications?

The contract with Freeform Communications is for a period of one year, subject to regulatory approval.

What is the expected impact of Freeform's appointment on NV Gold's investor relations?

The appointment aims to improve NV Gold's interactions with shareholders, media, and the investment community.