Hannan Engages Resource Stock Digest for Marketing Contract

Rhea-AI Summary

Hannan Metals (TSXV:HAN)(OTCPK:HANNF) has signed a service agreement with Resource Stock Digest (RSD) of Round Rock, Texas, for promotional services. The 3-month advertising and marketing program comes with a US$125,000 cash fee, payable upon Exchange approval. RSD, owned by Gerardo Del Real and Nick Hodge, will conduct interviews and create content for distribution to their subscriber base.

Del Real and Hodge are shareholders of Hannan, though their combined holdings represent less than 2% of Hannan's issued shares. The agreement, which must comply with TSX Venture Exchange Policy 3.4 regarding investor relations and promotional activities, is pending Exchange approval.

Positive

• None.

Negative

• Significant marketing expense of US$125,000 for just 3 months of promotional services
• Marketing agreement with shareholders could present potential conflicts of interest

VANCOUVER, BC / ACCESSWIRE / January 16, 2025 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTCPK:HANNF) is pleased to announce that the Company has entered into a service agreement (the "Agreement") with Resource Stock Digest ("RSD") of Round Rock, Texas. Under the terms of the Agreement, among other things, RSD has agreed to provide certain promotional services to the Company in accordance with Policy 3.4 - Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange (the "Exchange").

RSD has been engaged for a 3-month advertising and marketing program for a cash fee of US$125,000 payable upon receipt of approval of the Agreement by the Exchange. RSD conducts interviews with the Company and produces content that is distributed to RSD's subscriber base. RSD is owned and operated by Gerardo Del Real and Nick Hodge, both shareholders of the Company. As at the date of the Agreement, the aggregate holdings of Mr. Del Real and Mr. Hodge represent less than 2% of the issued shares of Hannan. RSD and Messrs. Del Real and Hodge are at arm's-length to the Company. The Agreement remains subject to approval by the Exchange.

About Hannan Metals Limited (TSXV:HAN)(OTCPK:HANNF)

Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru.

On behalf of the Board, "Michael Hudson" Michael Hudson, Chairman & CEO

Further Information www.hannanmetals.com 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7 Mariana Bermudez, Corporate Secretary, +1 (604) 685 9316, info@hannanmetals.com

Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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 news.

SOURCE: Hannan Metals Ltd.

View the original press release on ACCESS Newswire

FAQ

What is the cost and duration of Hannan Metals' (HANNF) marketing agreement with RSD?

Hannan Metals has agreed to pay US$125,000 for a 3-month advertising and marketing program with Resource Stock Digest (RSD).

Who owns Resource Stock Digest and what is their relationship with Hannan Metals (HANNF)?

Resource Stock Digest is owned by Gerardo Del Real and Nick Hodge, who are shareholders of Hannan Metals, collectively owning less than 2% of issued shares.

What services will Resource Stock Digest provide to Hannan Metals (HANNF)?

RSD will provide promotional services, conduct interviews with the company, and produce content for distribution to RSD's subscriber base.

What regulatory approval does the HANNF marketing agreement require?

The agreement requires approval from the TSX Venture Exchange and must comply with Policy 3.4 regarding investor relations, promotional and market-making activities.