Intrepid Metals Corp. (TSXV: INTR | OTCQB: IMTCF) has received TSX Venture Exchange approval for the acquisition of its previously announced option agreement to acquire a 100% interest in the MAN Property from Mining and Mineral Opportunity Ltd. (MMO).
The Agreement is dated 11 September 2023 and is between the company, its wholly owned subsidiary Intrepid Metals (USA) Corp. and MMO. The initial cash payment and share issuance under the agreement will occur after Intrepid completes an equity financing, which must occur by 10 December 2023.
The company also announces that it has retained Adelaide Capital Markets Inc., a leading investor relations and capital markets advisory firm, as an investor relations consultant, subject to acceptance for filing by the TSX Venture Exchange. The term of the agreement commences on 3 October 2023 and is for a period of three months unless both parties agree to extend the agreement in writing.
Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model. Adelaide will work closely with Intrepid to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal road shows, events, virtual campaigns, conferences and assisting with investor communication.
As consideration for services to be provided, the company will pay Adelaide a cash fee of C$30,000, payable in monthly instalments of C$10,000.
Adelaide neither holds any securities of Intrepid nor has any interest, direct or indirect, in Intrepid. Adelaide and its principals do not engage in market making activities and will restrict its services to public relations and investor relations counselling.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, lead, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA.
For further information, please visit: www.intrepidmetals.com
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