Macarthur engages North American investor relations group
May 13 2020 - 5:48PM
Macarthur Minerals Limited (TSX-V:
MMS) (ASX:
MIO) (the “Company” or “Macarthur”) has
engaged Canadian company Investor Cubed Inc. (”Investor Cubed”) to
provide capital markets advice, investor relations and marketing
development services to the Company.
The engagement terms with Investor Cubed
are:
- a consulting contract paying C$5,000 per month for a term of
twelve months; and
- Right to purchase 1,500,000 options for Macarthur shares,
granted as follows:
- 500,000 options with an exercise price of C$0.16 exercisable
until 31 December 2022
- 500,000 options with an exercise price of C$0.24 exercisable
until 31 December 2022
- 500,000 options with an exercise price of C$0.32 exercisable
until 31 December 2022.
The performance based options will be governed
by the provisions of Macarthur’s share compensation plan.
Cameron McCall, President and Executive
Chairman of Macarthur Minerals commented:
“Macarthur has made significant progress over
the last year, achieving all its stated milestones with the sole
objective of progressing its Lake Giles project into production.
Macarthur has worked with Investor Cubed over the last decade and
has re-engaged their services to maintain communications with our
investors and shareholders and increase our exposure in the
Canadian and North American markets.”
On behalf of the Board of Directors, Mr Cameron McCall,
Executive Chairman
For more information please contact:
Joe
Phillips
CEO &
Director
M +61 (0)448 899
247
jphillips@macarthurminerals.com
Investor CubedNeil Simon, CEO647-258-3310info@investor3.ca
About Investor CubedABOUT
INVESTOR CUBED: Investor Cubed provides specialized services to
small cap & mid cap private & public companies. As a
trusted partner to our clients, our objective is to help take them
to the next level of development in the capital markets. Through
accomplishing this, we help create value for their shareholders.
For more information go to www.investor3.ca. Investor Cubed can
trace its success to our core values: Integrity + Insight +
Intelligence = I3
Company profile
Macarthur is an iron ore development, gold and
lithium exploration company that is focused on bringing to
production its Western Australia iron ore projects. The Lake Giles
Iron Project mineral resources include the Ularring hematite
resource (approved for development) comprising Indicated resources
of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26
million tonnes at 45.4% Fe; and the Moonshine magnetite resource of
710 million tonnes (Inferred). Macarthur has prominent (~721 square
kilometer tenement area) gold, lithium and copper exploration
interests in Pilbara region of Western Australia. In addition,
Macarthur has lithium brine Claims in the emerging Railroad Valley
region in Nevada, USA.
This news release is not for
distribution to united states services or for dissemination in the
United States
Caution Regarding Forward Looking
Statements
Certain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. All statements herein, other than statements
of historical fact, that address activities, events or developments
that the Company believes, expects or anticipates will or may occur
in the future, including but limited to statements regarding: the
proposed strategy regarding core mining, road and rail inputs at
the Project; anticipated increases in annual production at the
Project; anticipated decreases in Project costs; the possible
reclassification of current inferred mineral resources on the
Project as indicated mineral resources in the future; expected
completion of the FS on the Project containing a new reserve
calculation and a new economic assessment; the granting of a
license for the Menzies rail siding; the status of the MRRT; and
plans to secure mining approvals under the Mining Act, are
forward-looking statements. The forward-looking statements in
this press release reflect the current expectations, assumptions or
beliefs of the Company based upon information currently available
to the Company. With respect to forward-looking statements
contained in this press release, assumptions have been made
regarding, among other things, the reliability of information
prepared and/or published by third parties that are referenced in
this press release or was otherwise relied upon by the Company in
preparing this press release. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and no assurance can be given that these
expectations will prove to be correct as actual results or
developments may differ materially from those projected in the
forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include but are not limited to: unforeseen technology
changes that results in a reduction in iron or magnetite demand or
substitution by other metals or materials; the discovery of new
large low cost deposits of iron magnetite; the general level of
global economic activity; future changes in strategy regarding core
mining, road and rail inputs with respect to the Project; final
Project costs varying from those determined from the EOI program;
failure to successfully negotiate a BOO arrangement for the
Project; failure to complete the FS; failure of the FS to reflect
currently anticipated increases annual production and decreases in
expected costs at the Project; the results of infill drilling being
insufficient to reclassify current inferred mineral resources on
the Project as indicated mineral resources; failure to receive a
license for the Menzies rail siding; failure to repeal the MRRT;
and failure to obtain mining approvals under the Mining Act.
Readers are cautioned not to place undue reliance on
forward-looking statements due to the inherent uncertainty thereof.
Such statements relate to future events and expectations and, as
such, involve known and unknown risks and uncertainties. The
forward-looking statements contained in this press release are made
as of the date of this press release and except as may otherwise be
required pursuant to applicable laws, the Company does not assume
any obligation to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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