Vancouver, BC – Gold Jubilee Capital Corp. (TSX-V:GJB) (“Gold Jubilee” or the “Company”), announces that it has granted stock options to management, directors and certain consultants of the Company to purchase 1,925,000 common shares of the Company (each, a “Common Share”) at an exercise price of $0.18 per share exercisable in whole or in part for a period of five years from August 26, 2016, the date of grant.
The Company is also pleased to announce that it has engaged Currie Capital Corp. (“Currie Capital”) and Blue Sail Capital Inc. (“Blue Sail Capital”) to provide various investor relations services to the Company.
Currie Capital is a Vancouver-based firm which provides advice and assistance on financings and access to capital markets. Currie Capital has been granted stock options of the Company to purchase 225,000 Common Shares at a price of $0.18 per share as the sole consideration for its provision of services to the Company, which will include assisting with future financings and liaising with shareholders, potential investors and finance professionals. Currie Capital and its principal currently own 870,000 Common Shares and 75,000 share purchase warrants of the Company. Currie Capital has no direct relationship with the Company, other than as contemplated in the current agreement which has a 12-month term.
Blue Sail Capital is a Toronto-based financial services company that provides assistance in accessing capital markets. Blue Sail Capital has been granted stock options of the Company to purchase 100,000 Common Shares at a price of $0.18 per share as the sole consideration for its provision of services to the Company, which will mainly consist of organizing meetings with investors in Eastern Canada. Neither Blue Sail Capital nor its principal currently own any Common Shares of the Company. Blue Sail Capital has no direct relationship with the Company, other than as contemplated in the current agreement which has a 12-month term.
The stock options granted to Currie Capital and Blue Sail Capital are exercisable for a period of three years and vest over a period of 12 months from the date of grant in equal quarterly installments.
The investor relations agreements with Currie Capital and Blue Sail Capital and the grants of options under these agreements are subject to regulatory approval.
About Gold Jubilee Capital Corp.
Gold Jubilee Capital Corp. (TSX-V: GJB) is a Canadian-based junior exploration company comprised of highly qualified mining professionals with two copper-gold exploration projects, the Pyramid and Kinskuch Lake Projects, located in northwestern British Columbia.
BY ORDER OF THE BOARD OF DIRECTORS
CEO and Director
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the making of cash payments, share payments and stock option payments, obtaining TSX-V approval, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Gold Jubilee undertakes no obligation to update such statements, except as required by law