TORTOLA, British Virgin
Islands, Sept. 1, 2020 /CNW/ -
Sailfish Royalty Corp. (TSX-V: FISH) (the "Company" or
"Sailfish") is pleased to announce that, subject to TSX Venture
Exchange ("TSXV") approval, it has retained Adelaide Capital
("Adelaide") to provide
investor relations consulting services to the Company in compliance
with the policies and guidelines of the TSXV and other applicable
legislation.
Adelaide will work closely with
Sailfish's management team to provide investor relations and
consulting services to the Company. Adelaide is a full-service investor relations
firm that brings a unique perspective and a re-engineered investor
relations business model. Adelaide
will work with Sailfish to develop and deploy a comprehensive
capital markets program, which includes assisting with non-deal
roadshows, virtual campaigns, conferences and assisting with
investor communication.
Under the terms of the agreement, Adelaide will receive C$8,000 per month. The agreement is effective
September 1, 2020 and will continue
for a period of 6 months. There are no performance factors
contained in the agreement.
Pursuant to the agreement, the Company agrees to grant 100,000
inventive stock options (the "Options") to Adelaide under the Company's stock option plan
(the "Stock Option Plan"). Subject to the policies of the
TSXV and the terms and conditions of the Stock Option Plan, the
Options will have an exercise price equal C$1.40 and shall expire two years from the date
of issuance and shall vest in four equal proportions every three
months after the grant date for a period of 12 months.
Adelaide and the Company are
unrelated and unaffiliated entities. Adelaide is principally owned by Deborah Honig. The entering into of the
agreement and the grant of the Options thereunder are subject to
the approval of the TSXV.
About Sailfish
Sailfish is a precious metals royalty and streaming company.
Within Sailfish's portfolio are two cornerstone assets on advanced
stage projects in the Americas: a gold stream equivalent to a 3%
NSR on the San Albino gold project (~3.5 sq. km) and a 2% NSR on
the rest of the area (~134.5 sq. km) surrounding San Albino in
northern Nicaragua; and an up to
3.5% NSR on the Tocantinzinho gold project in the prolific Tapajos
district of northern Brazil. The
acquisition of Terraco Gold Corp. adds a potential cornerstone
asset: an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol
"FISH" and on the OTCQX under the symbol "SROYF". Please
visit the Company's website at www.sailfishroyalty.com for
additional information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Sailfish Royalty Corp.