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Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) has appointed Red Cloud Financial Services Inc. to provide non-exclusive financial advisory and promotional services. Red Cloud, a Toronto-based firm, will assist Electric Royalties in accessing capital markets and enhancing its corporate profile. The engagement begins September 1, 2024, for an initial six-month term with a monthly fee of $10,000. Services include identifying potential financing opportunities, advising on marketing strategies, and facilitating investor communications. Red Cloud will not receive equity compensation, and the engagement is subject to TSX Venture Exchange approval. This partnership aims to strengthen Electric Royalties’ market presence and financial positioning.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) ha nominato Red Cloud Financial Services Inc. per fornire servizi di consulenza finanziaria e promozionali non esclusivi. Red Cloud, una società con sede a Toronto, aiuterà Electric Royalties nell’accesso ai mercati dei capitali e nel migliorare il suo profilo aziendale. L’incarico inizia il 1° settembre 2024, per un periodo iniziale di sei mesi con una tariffa mensile di $10.000. I servizi includono l’identificazione di opportunità di finanziamento potenziali, consulenze su strategie di marketing e facilitazione della comunicazione con gli investitori. Red Cloud non riceverà compensi in equity e l’incarico è soggetto all’approvazione della Borsa TSX Venture. Questa partnership mira a rafforzare la presenza sul mercato e la posizione finanziaria di Electric Royalties.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) ha designado a Red Cloud Financial Services Inc. para proporcionar servicios de asesoría financiera y promoción no exclusivos. Red Cloud, una firma con sede en Toronto, ayudará a Electric Royalties a acceder a los mercados de capitales y a mejorar su perfil corporativo. El compromiso comienza el 1 de septiembre de 2024, por un período inicial de seis meses con una tarifa mensual de $10,000. Los servicios incluyen identificar oportunidades de financiamiento potencial, asesorar sobre estrategias de marketing y facilitar la comunicación con los inversores. Red Cloud no recibirá compensación en equity y el compromiso está sujeto a la aprobación de la Borsa TSX Venture. Esta asociación tiene como objetivo fortalecer la presencia de Electric Royalties en el mercado y su posición financiera.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF)는 Red Cloud Financial Services Inc.를 비독점 재무 자문 및 홍보 서비스 제공업체로 임명했습니다. 토론토에 본사를 둔 Red Cloud는 Electric Royalties가 자본 시장에 접근하고 기업 프로필을 향상시키는 데 도움을 줄 것입니다. 계약은 2024년 9월 1일에 시작되며, 초기 6개월 기간 동안 월 $10,000의 요금이 부과됩니다. 서비스에는 잠재적인 자금조달 기회 식별, 마케팅 전략에 대한 조언, 투자자 커뮤니케이션 촉진이 포함됩니다. Red Cloud는 주식 보상을 받지 않으며, 계약은 TSX 벤처 거래소의 승인을 받아야 합니다. 이 파트너십의 목표는 Electric Royalties의 시장 존재감과 재무 위치를 강화하는 것입니다.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) a nommé Red Cloud Financial Services Inc. pour fournir des services de conseil financier et promotionnels non exclusifs. Red Cloud, une société basée à Toronto, aidera Electric Royalties à accéder aux marchés financiers et à améliorer son profil d’entreprise. L’engagement commence le 1er septembre 2024 pour une durée initiale de six mois avec des frais mensuels de 10 000 $. Les services incluent l’identification d’opportunités de financement potentielles, des conseils sur les stratégies de marketing et la facilitation des communications avec les investisseurs. Red Cloud ne recevra pas de compensation en actions, et l’engagement est soumis à l’approbation de la Bourse TSX Venture. Ce partenariat vise à renforcer la présence sur le marché et la position financière d’Electric Royalties.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) hat Red Cloud Financial Services Inc. beauftragt, nicht-exklusive finanzielle Beratungs- und Werbedienstleistungen anzubieten. Red Cloud, eine in Toronto ansässige Firma, wird Electric Royalties dabei unterstützen, Zugang zu den Kapitalmärkten zu erhalten und das Unternehmensprofil zu verbessern. Das Engagement beginnt am 1. September 2024 und dauert zunächst sechs Monate mit einer monatlichen Gebühr von 10.000 $. Die Dienstleistungen umfassen die Identifizierung potenzieller Finanzierungsmöglichkeiten, Beratung zu Marketingstrategien und die Förderung der Kommunikation mit Investoren. Red Cloud erhält keine Vergütung in Eigenkapitalform, und das Engagement steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange. Diese Partnerschaft zielt darauf ab, die Marktpräsenz und die finanzielle Position von Electric Royalties zu stärken.
Positive
- Potential improved access to capital markets
- Enhanced corporate profile and visibility
- Professional assistance in investor relations and marketing
Negative
- Additional monthly expense of $10,000 for at least six months
VANCOUVER, BC / ACCESSWIRE / September 9, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (“Electric Royalties” or the “Company”) is pleased to announce that it has appointed Red Cloud Financial Services Inc. to provide the Company with a range of non-exclusive financial advisory and promotional services. Red Cloud is a Toronto-based financial services firm that provides assistance to mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile.
Under the engagement, Red Cloud will be paid a fee of $10,000 per month for the services it will render starting on September 1, 2024, for an initial six-month term with the option of renewal on a month-to-month basis thereafter. Under the financial advisory services agreement, Red Cloud will identify and introduce third-parties for potential equity and debt financings, alternative financing arrangements and other transactional opportunities, and under the promotional services agreement, Red Cloud will review and advise on road shows, review, draft and advise on traditional marketing documents, make introductions to meet and communicate with corporate analysts, institutional and professional investors and retail brokers, provide traditional media support and assist in creation of content for Red Cloud’s exclusive RCTV platform and dissemination of content via RCTV, and other services as required by the Company.
There are no performance obligations contained in the agreements and Red Cloud will not receive common shares, stock options or any form of equity in the Company as compensation.
Red Cloud and the Company are arms-length parties and Red Cloud and its principals do not currently own or have any interest, directly or indirectly, in the securities of the Company; however, Red Cloud and its clients may acquire an interest in the securities of the Company in the future. The engagement of Red Cloud is subject to approval by the TSX Venture Exchange.
About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.
Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.
Electric Royalties has a growing portfolio of 40 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.
For further information, please contact:
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Electric Royalties Ltd.
View the original press release on accesswire.com
FAQ
What services will Red Cloud Financial Services provide to Electric Royalties (ELECF)?
Red Cloud will provide non-exclusive financial advisory and promotional services, including identifying financing opportunities, advising on marketing strategies, facilitating investor communications, and enhancing Electric Royalties’ corporate profile.
When does the engagement between Electric Royalties (ELECF) and Red Cloud begin?
The engagement begins on September 1, 2024, for an initial six-month term with the option of renewal on a month-to-month basis thereafter.
How much will Electric Royalties (ELECF) pay Red Cloud for their services?
Electric Royalties will pay Red Cloud a fee of $10,000 per month for their services.
Will Red Cloud receive any equity compensation from Electric Royalties (ELECF)?
No, Red Cloud will not receive common shares, stock options, or any form of equity in Electric Royalties as compensation.
