Spanish Mountain Gold Engages Red Cloud Financial Services

Rhea-AI Summary

Spanish Mountain Gold (TSXV: SPA) (FSE: S3Y) (OTC Pink: SPAZF) has announced its engagement with Red Cloud Financial Services to provide media and marketing services, pending TSX Venture Exchange approval. The six-month engagement comes with a total fee of $60,000, to be paid in monthly installments of $10,000 from working capital. Red Cloud, a Toronto-based financial services company specializing in supporting mineral exploration and mining companies with capital markets access and corporate visibility enhancement, operates at arm's length from Spanish Mountain Gold and holds no direct or indirect interest in the company or its securities.

Vancouver, British Columbia--(Newsfile Corp. - January 24, 2025) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (OTC Pink: SPAZF) (the "Company" or "Spanish Mountain Gold") is pleased to announce that, subject to TSX Venture Exchange (TSXV) acceptance, it has engaged Red Cloud Financial Services Inc. ("Red Cloud") to provide media and marketing services for the Company.

Red Cloud is a Toronto-based financial services company that supports mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile and visibility. The engagement is for a period of six months commencing on or after receipt of the acceptance of the TSXV, for a total fee of $60,000, which will be paid from working capital in monthly installments of $10,000.

Red Cloud is at arm's length from the Company and does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. We are conducting an integrated Whittle Enterprise Optimization to identify the highest potential value-add improvements while increasing the understanding of the high-grade geologic controls and associated drill targets that could upgrade and expand the gold resource. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.

On Behalf of the Board,

"Peter Mah"
President, Chief Executive Officer and Director
Spanish Mountain Gold Ltd.

For more information, contact:
Suzette N Ramcharan
(604) 601-3651
info@spanishmountaingold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING INFORMATION:

Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to the advancement of the project towards development, and the timing and results thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238435

FAQ

What is the cost of Spanish Mountain Gold's (SPAZF) engagement with Red Cloud Financial Services?

Spanish Mountain Gold will pay Red Cloud Financial Services a total fee of $60,000, distributed in monthly installments of $10,000 over six months.

What services will Red Cloud provide to Spanish Mountain Gold (SPAZF)?

Red Cloud Financial Services will provide media and marketing services to enhance Spanish Mountain Gold's corporate profile and visibility, and support its access to capital markets.

When does Spanish Mountain Gold's (SPAZF) contract with Red Cloud begin?

The contract will commence upon receiving TSX Venture Exchange acceptance, with a duration of six months.

Does Red Cloud hold any interest in Spanish Mountain Gold (SPAZF)?

No, Red Cloud operates at arm's length from Spanish Mountain Gold and holds no direct or indirect interest in the company or its securities.