Gold79 Engages i2i Marketing Group, LLC for Marketing Program

Rhea-AI Summary

Gold79 Mines (TSXV: AUU) (OTCQB: AUSVF) has announced a marketing agreement with i2i Marketing Group, of Key West Florida. The initial term is one month, pending TSX Venture Exchange approval, with a US$250,000 fee. The agreement may continue month-to-month with additional agreed expenditures. i2i will develop an advertising campaign focusing on increasing investor awareness through online platforms and direct mail marketing. The company confirms no securities will be issued to i2i for its services, and i2i currently owns no company securities and operates at arm's length.

Positive

• None.

Negative

• Significant marketing expense of US$250,000 for just one month of services
• Short initial contract duration of only one month indicates uncertainty in long-term marketing strategy

News Market Reaction

-3.62%

1 alert

-3.62% News Effect

On the day this news was published, AUSVF declined 3.62%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") has engaged i2i Marketing Group, LLC ("i2i") of Key West Florida and has entered into a marketing agreement, whereby i2i will provide marketing and media distribution for an initial term of one month commencing upon TSX Venture Exchange approval. An initial fee of US$250,000 is payable. Thereafter, the marketing agreement may continue on a month-to-month basis with supplemental expenditures agreed to by the parties for the services being purchased.

i2i will create an advertising campaign and utilize its physical marketing program strategy with the aim of increasing investor awareness through various on-line platforms and methods of engagement, including the direct mailing of advertising materials to potentially interested parties.

The Company will not issue any securities to i2i as compensation for its marketing services. As of the date hereof, to the Company's knowledge, i2i (including its directors and officers) does not own any securities of the Company and is arm's length to the Company.

About Gold79 Mines Ltd.

Gold79 Mines Ltd. is a TSX-V listed company focused on building ounces in the Southwest USA. Gold79 has five gold projects, two of which are partnered with major gold producers (Kinross at Jefferson Canyon and Agnico Eagle at Greyhound). Gold79 is focused on establishing a maiden resource at its Gold Chain project in Arizona while advancing its Jefferson North and Tip Top Projects in Nevada.

For further information regarding this press release, contact:
Quentin Mai, President, CEO and Director, Gold79
Phone: 604-638-5622
Email: quentin@gold79mines.com

Or

Investor Relations
Kin Communications Inc.
604-684-6730
Auu@kincommunications.com

Stay Connected with Us:
Twitter: @Gold79Mines
Facebook: https://www.facebook.com/Gold79Mines
LinkedIn: https://www.linkedin.com/company/gold79-mines-ltd/

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents, which can be found on SEDAR at www.sedarplus.ca. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234785

FAQ

How much is Gold79 Mines (AUSVF) paying i2i Marketing Group for their services?

Gold79 Mines is paying i2i Marketing Group an initial fee of US$250,000 for one month of marketing services.

What marketing services will i2i provide for Gold79 Mines (AUSVF)?

i2i will create an advertising campaign and implement physical marketing strategies, including online platform engagement and direct mailing of advertising materials to potential investors.

Will i2i Marketing Group receive any Gold79 Mines (AUSVF) shares as compensation?

No, Gold79 Mines will not issue any securities to i2i Marketing Group as compensation for their marketing services.

What is the duration of Gold79 Mines' (AUSVF) marketing agreement with i2i?

The initial agreement is for one month, with the option to continue month-to-month with additional agreed expenditures.