VANCOUVER, BC / ACCESSWIRE / MARCH 13th, 2014 / GLOBAL COBALT CORP. (TSXV:GCO) ("Global Cobalt" and/or the "Company") (TSXV:GCO) is pleased to announce that the Company has entered into a financial public relations service agreement with Mi3 Communications Financieres Inc. ("Mi3"), a Montreal based company.
This new agreement will support Global Cobalt in increasing its visibility in the financial marketplace and expand its coverage within financial networks.
The Agreement has an initial term of 2 months until May 13th, 2014. In consideration for the provision of the services to be provided, Mi3 will be paid $7,500 per month, plus applicable taxes for the first two months and then $4,500 plus applicable taxes will be in effect on a month to month basis. Global Cobalt will also grant Mi3 up to a maximum of 300,000 incentive stock options at an exercise price of $0.10 per share for a period of five years which will be subject to vesting requirements as set out by the policies of the TSX Venture Exchange. The Agreement is subject to acceptance of the TSX Venture Exchange.
The Company would also like to announce that subject to TSX Venture Exchange acceptance that the Board of Directors has approved the issuance of 1,000,000 incentive stock options to acquire shares of the Corporation in accordance with the terms and conditions of the Corporation's Stock Option Plan. The options granted to consultants and advisors have a term of five years and may be exercised at a price of $0.10 per share.
Global Cobalt Corporation is a Canada-based strategic metals company focused on the development of a new mining region in the Republic of Altai. Global Cobalt will build upon the success of the Altai Projects while aggressively expanding and exploring existing properties to meet the demand for cobalt and other strategic metals.
For Further Information:
Mr. Mitchell Smith, Corporate Development
Suite 1510-1050 West Pender Street
Vancouver, BC V6E 3T4
Tel: +1 (604) 688-4219
Fax: +1 (604) 688-4215
Email: [email protected]
TSXV:GCO; FRA:3P0; CUSIP:37890F
Cautionary Statement on Forward-Looking Information: The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The shares offered will not be and have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
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.