Nevada Exploration Inc. Announces AGM, Grants Options, and Enters Investor Relations Agreement
October 19, 2015
Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE) wishes to announce that it will be holding its Annual General and Special Meeting (“AGM”) on December 21, 2015; that it has granted incentive stock options to officers and directors of the Company; and that it has entered into an investors relations agreement.
The Company will hold its AGM on Monday, December 21, 2015, at 10:00 a.m. at the offices of Farris, Vaughan, Wills & Murphy LLP at 25th Floor, 700 West Georgia Street, Vancouver, British Columbia, V7Y1B3. The Company has set the record date for the AGM at Wednesday, November 11, 2015.
The Board of Directors of the Company has approved a resolution to grant an aggregate of 1,625,000 stock options (“Options”) to acquire common shares of the Company pursuant to the Company’s Stock Option Plan (the “Plan”) to officers and directors of the Company. The Options have an exercise price of $0.185, and vest according to the following schedule: one-third immediately; one-third on October 19, 2016; and one-third on October 19, 2017. The Options will expire in accordance with the Plan and not later than October 19, 2020.
Investor Relations Agreement
The Company has engaged Future Money Trends, LLC ("FMT") to provide certain financial publishing and digital marketing services focusing on introducing the Company to a broader audience. FMT is a California based firm headed by Daniel Ameduri, a media and investor relations specialist in the natural resources sector. In exchange for providing these services, FMT will receive an initial fee of US$30,000 and a monthly fee of US$7,000. The agreement with FMT is for a one year term and the Company has the right to cancel the agreement at any time. The Company has also agreed to issue FMT 100,000 incentive stock options by the fourth month of the term of the agreement.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE is aggressively applying the latest in covered deposit exploration technology to identify, acquire, and advance new exploration properties in Nevada’s highly prospective yet underexplored covered basins. NGE has developed proprietary hydrogeochemistry (groundwater chemistry) exploration technology to explore for gold in Nevada’s covered basins where traditional exploration techniques are challenged.
Using its industry-leading exploration technology, NGE has assembled a large portfolio of new gold projects, and has established itself as a major player in this world class jurisdiction. NGE’s business model is to leverage its properties and technology to create shareholder value through generative exploration.
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Neither the 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.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information in this news release include statements about the final approval of the Offering and the Company's future plans, objectives and business strategy.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
In addition, there are known and unknown risk factors which could cause the Company’s actual results,
performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the possibility that the Company may not be able to continue as a going concern in the near term.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.