Bald Eagle hires Adelaide, Hybrid for IR services

Apr 17, 2021

2021-04-16 17:09 ET – News Release

 

Mr. Darren Collins reports

BALD EAGLE GOLD CORP. ANNOUNCES INVESTOR RELATIONS AGREEMENTS

Bald Eagle Gold Corp. has engaged Adelaide Capital Markets Inc. and Hybrid Financial Ltd. to perform services for the company, including investor relations activities, as defined in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The company has also engaged Independent Trading Group Inc. (ITG) to provide market-making services.

Pursuant to an agreement entered into with Adelaide on April 9, 2021, Adelaide will receive a cash fee of $8,000 per month over a period of six months for a total of $48,000. The company has granted Adelaide 250,000 stock options, with each option exercisable into one common share in the capital of the company at an exercise price of 15 cents, vesting quarterly over a 12-month period. All vested options shall be eligible for exercise for a period ending on the earlier of: (i) two years from the date of the grant; and (ii) 90 days following termination of the agreement. To the knowledge of the company, Adelaide currently owns 400,000 common shares and 200,000 warrants to purchase common shares.

Pursuant to an agreement entered into with Hybrid on April 9, 2021, Hybrid will receive a cash fee of $25,000 per month over a period of six months for a total of $150,000. To the knowledge of the company, Hybrid currently owns 1,666,667 common shares and 833,333 warrants.

ITG will be a market-maker in the common shares, which are traded on the TSX-V. All market-making activities will be in compliance with the policies and guidelines of the TSX-V. The agreement with ITG commenced on April 9, 2021, and has a term of three months, with subsequent monthly renewals until terminated by either party. ITG will receive a monthly cash fee of $5,000 during the term of the agreement. The company has had no prior relationship with ITG. To the company’s knowledge, ITG does not own or control, directly or indirectly, any securities of the company.

The agreements with Adelaide, Hybrid and ITG are subject to the approval of the TSX-V.

The company has also issued 400,000 stock options to arm’s-length service providers. The stock options have an exercise price of 15 cents per common share and will vest over periods of up to 18 months.

About Bald Eagle Gold Corp.

Bald Eagle is a junior mining company focused on the exploration and development of advanced exploration assets in known gold districts in the Americas. The company’s objective is to acquire advanced exploration projects for exploration and development. The company intends to, through evaluating historical data and utilizing modern exploration techniques and geological concepts, enhance resources. The management team and the board of directors of the company have an established record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.

We seek Safe Harbor.

https://www.baldeaglegold.com/

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