Golden Spike Resources Announces Partnership with Altitude Capital and ECM Capital for Market Advisory and Digital Marketing Services
Rhea-AI Summary
Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) has announced a strategic partnership with Altitude Capital Consultants Inc. and ECM Capital Advisors Inc. for market advisory and digital marketing services. The collaboration aims to enhance Golden Spike's market presence and investor outreach as the company advances its exploration and development programs.
Key points of the agreement include:
- A monthly market advisory fee of $10,000 for 12 months, totaling $120,000
- A one-time fee of $100,000 for a comprehensive digital marketing campaign
- Granting of 400,000 share purchase options to Altitude at an exercise price of $0.20 per share
- Potential additional 500,000 share purchase options based on partnership performance
The partnership brings on board Michael A. Wekerle, Managing Partner of Altitude, and Eugene C. McBurney, Managing Partner of ECM, both with extensive experience in capital markets and the mining sector.
Positive
- Engagement of experienced market advisors to enhance market presence and investor outreach
- Comprehensive digital marketing strategy to potentially increase visibility and attract investors
- Granting of share purchase options aligns advisors' interests with company performance
Negative
- Significant cash outlay for advisory and marketing services ($220,000 over 12 months)
- Potential dilution from share purchase options granted to advisors
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") is pleased to announce their engagement of Altitude Capital Consultants Inc. ("Altitude") working in conjunction with ECM Capital Advisors Inc. ("ECM"). Michael A. Wekerle is the Managing Partner of Altitude and Eugene C. McBurney is the Managing Partner of ECM to support the Company with market advisory services and an amplified digital marketing strategy. This strategic partnership aims to enhance Golden Spike's market presence and investor outreach as we advance our exploration and development programs.
Mr. McBurney, B.A., M.A., LL.B., LL.D., brings over 25 years of international investment banking experience, establishing him as a trusted advisor, especially in the global mining sector. McBurney has a notable history of leading landmark transactions in natural resources, demonstrating his capability to deliver strategic outcomes for his clients. Additionally, Gene has extensive investment banking experience throughout the Caribbean and Latin America, with a special emphasis on Colombia.
Mr. Wekerle has had a very successful career in capital markets. Early in his career he joined First Marathon and quickly rose up to become the head trader for the firm, where he was a key player in Roger's takeover of McLean Hunter in 1994. He then joined GMP (Griffiths McBurney and Partners) as Vice Chairman of trading, where he was involved with the 1997 initial public offering of Research in Motion (RIM). In 2012, he formed his own firm, Difference Capital where he invested in companies such as Thunderbird Films, Vision Critical, Appinions and HootSuite. Mr. Wekerle is well known for the 4 years he was an investor on the Canadian television show, Dragon's Den.
Golden Spike will be compensating Altitude with a market advisory fee of
To further bolster our marketing efforts, a one-time fee of
In addition, Golden Spike Resources will grant Altitude 400,000 share purchase options at an exercise price of
"We are excited to collaborate with Altitude as we continue to grow Golden Spike Resources. Their expertise in market advisory and digital marketing will be invaluable as we work to maximize shareholder value and expand our Company's reach," said Keith Anderson, President of Golden Spike Resources.
About Golden Spike
Golden Spike Resources Corp. (CSE:GLDS), (OTCQB: GSPRF), (FSE: L5Y) is a publicly traded resource exploration company focused on identifying and developing high-grade mineral assets in favorable jurisdictions. Our team is committed to sustainable and environmentally responsible exploration practices, working closely with local communities and stakeholders. The Company currently holds
For more information, please contact:
Keith Anderson
President, Golden Spike Resources Corp.
Phone: 604-786-7774
Email: kanderson7774@gmail.com
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Anderson
Golden Spike Resources Corp.
830 - 1100 Melville St.,
Vancouver, BC, V6E 4A6
+1 (604) 786-7774
info@goldenspikeresources.com
www.goldenspikeresources.com
"Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release."
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect Golden Spike Resources' current expectations regarding future events, including the success of its exploration programs and the potential benefits of its partnerships with Altitude Capital Consultants Inc., and ECM Capital Advisors Inc. Actual events could differ materially from those projected herein.
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" occur.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220008