Hot Chili Appoints Investor Relations

Rhea-AI Summary

Hot Chili (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) has entered into a consulting agreement with 49 North Investor Relations to provide investor relations services. The agreement, compliant with TSXV policies, involves a CAD$10,000 monthly fee for an initial 12-month period. 49 North, a Toronto-based firm with over 20 years of experience, will assist Hot Chili with preparing corporate materials, press releases, coordinating roadshows, managing social media outreach, and facilitating investor communications. This strategic move aims to enhance Hot Chili's investor relations capabilities and support its growth as a publicly-listed small cap company.

Positive

• Engagement of experienced investor relations firm to enhance market presence
• Potential for improved investor communication and outreach
• Structured 12-month agreement with monthly fee indicates commitment to long-term investor relations strategy

Negative

• Additional monthly expense of CAD$10,000 for investor relations services

PERTH, Australia, Sept. 18, 2024 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or "Company") has entered into a consulting agreement ("Consulting Agreement") with 49 North Investor Relations ("49 North") to provide investor relations consulting services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV") and applicable legislation.  49 North will work closely with Hot Chili's management team to provide investor relations and consulting services to the Company.  Pursuant to the agreement with 49 North, the Company will pay a cash fee of CAD$10,000 per month over an initial period of 12 months, subject to renewal and subject to a one month notice period.  

49 North will, among other things, work with Hot Chili to prepare corporate materials and press releases, provide advice on investor relations matters, coordinate non-deal and deal roadshows, recommend and support conference activities, coordinate social media outreach, and assist with investor introductions and communications.  49 North is a Toronto-based full-service investor relations firm with over 20 years of capital markets experience and specializes in supporting publicly-listed small cap growth companies.  49 North and its employees do not control any common shares in the Company.

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.

For more information please contact:

Christian Easterday Managing Director – Hot Chili		Tel:       +61 8 9315 9009 Email:   admin@hotchili.net.au
Carol Marinkovich Company Secretary – Hot Chili		Tel:       +61 8 9315 9009 Email:   admin@hotchili.net.au
49 North Investor Relations Investor & Public Relations (Canada)		Email:   graham@49northir.ca

or visit Hot Chili's website at www.hotchili.net.au

 

View original content:https://www.prnewswire.com/news-releases/hot-chili-appoints-investor-relations-302251754.html

SOURCE Hot Chili Limited

FAQ

What investor relations firm has Hot Chili (HHLKF) appointed?

Hot Chili (HHLKF) has appointed 49 North Investor Relations, a Toronto-based full-service investor relations firm with over 20 years of capital markets experience.

How much will Hot Chili (HHLKF) pay for the new investor relations services?

Hot Chili (HHLKF) will pay a cash fee of CAD$10,000 per month to 49 North Investor Relations for their services.

What is the duration of Hot Chili's (HHLKF) agreement with 49 North Investor Relations?

The initial agreement between Hot Chili (HHLKF) and 49 North Investor Relations is for a period of 12 months, subject to renewal and a one-month notice period.

What services will 49 North provide to Hot Chili (HHLKF)?

49 North will prepare corporate materials, press releases, provide advice on investor relations, coordinate roadshows, support conference activities, manage social media outreach, and assist with investor introductions and communications for Hot Chili (HHLKF).