November 21, 2013 - Vancouver, British Columbia, Manado Gold Corp. ("Manado") (TSX-V: MDO) is pleased to announce that it has entered into an investor relations agreement (the "Investor Relations Agreement") with 547853 B.C. Ltd. (doing business as QIS Capital) ("QIS Capital") whereby QIS Capital will serve to increase awareness of Manado in the investment community, will coordinate Manado's public and investor relations activities, provide corporate information to Manado's investors and will also communicate the investment merits of Manado through its relationships with newsletter editors, brokers, media and analysts.
Under the Investor Relations Agreement, Manado has agreed to pay a monthly fee of $1,500 and issue options to purchase 100,000 common shares of Manado at a price of $0.07 per share. The options are subject to the vesting provisions and the terms and conditions of Manado's stock option plan and the policies of the TSX Venture Exchange. The Investor Relations Agreement, which is subject to the approval of the TSX Venture Exchange, is for a period of 12 months. Six months after the effective date of the Agreement, Manado may terminate the Investor Relations Agreement on providing 30 days written notice to QIS Capital.
QIS Capital (547853 B.C. Ltd.) is a private company that specializes in investor relations, consulting, research, and shareholder communications. Neither QIS Capital nor its principals presently have any interest, direct or indirect, in Manado Gold Corp or its securities but retains the right to acquire such an interest.
The appointment of QIS Capital and the Investor Relations Agreement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board of Directors
Logan Anderson
President and Chief Executive Officer
Investor Relations - Dave Ryan
Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Manado cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Manado's control. Such factors include, among other things: risks and uncertainties relating to Manado's limited operating history; the need to comply with environmental and governmental regulations; and potential defects in title to Manado's properties. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Manado undertakes no obligation to publicly update or revise forward-looking information.
NEITHER 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.