Pursuant to the Agreement, Jemini will provide investor relations, corporate communications and consulting services to the Corporation.
Under the terms of the Agreement, Jemini will receive a monthly retainer fee of
Jemini is a full-service merchant bank advisory firm with extensive experience in assisting natural resources and tech companies in marketing and financing. Since its inception in 2014, Jemini and its client issuers have been a part of
The Corporation also wishes to announce that it has borrowed the sum of AUD$50,000 (
The Loan is a related party transaction pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ('MI 61-101'). With respect to the Loan, the Company has relied on the exemption from the valuation requirement pursuant to Section 5.5(b) (issuer not listed on specified markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(a) (fair market value not more than 25% of market capitalization) of MI 61-101.
There is no undisclosed material information by the Company. The Company has at least one independent director, and all independent directors have approved the Loan.
Contact:
Tel: 1-310-405-4475
Email: rrevelins@peregrinecorporate.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
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