VANCOUVER, BC, Aug. 23,
2024 /CNW/ - Rua Gold Inc.
(TSXV: RUA) (OTC: NZAUF) (WKN: A4010V) ("RUA GOLD" or the "Company") announces
that it has amended marketing contracts with two service providers
and entered into one new marketing contract. In accordance with TSX
Venture Exchange Policy 3.4 – Investor Relations, Promotional
and Market-Making Activities, details of each new engagement or
amendment are discussed below. The new marketing agreement and the
amended marketing agreements remain subject to approval from the
TSX Venture Exchange.
Amendment to Marketing Contract with MMG Market Medium GmbH
& Co. KG
Further to the Company's news release of February 27, 2024, in which the Company announced
its 12-month marketing engagement of MMG Market Medium GmbH &
Co. KG ("MMG"), the Company has entered into an amending agreement
with MMG dated August 22, 2024 (the
"MMG Amending Agreement") to amend the marketing services agreement
with MMG dated February 1, 2024 (the
"Original MMG Agreement"). Pursuant to the MMG Amending Agreement,
the Company and MMG have agreed to reduce the marketing budget
allocated from the Company to MMG from C$700,000 to €400,000 (approximately C$600,000). Additionally, the Company and MMG
have agreed to revise MMG's service fee from C$115,500 to €66,000 (approximately C$100,000), representing 16.5% of the budget
allocated by the Company for such services. The difference between
the initially contemplated service fee of C$115,500 and the revised service fee of €66,000
shall be credited by MMG to the marketing budget. All other terms
of the Original MMG Agreement remain unamended. In connection with
the MMG Amending Agreement and in addition to the service fee
previously paid, the Company has provided a cash advance of
€100,000 to MMG, which shall be applied towards the revised
marketing budget.
MMG is a service provider who specializes in online marketing
and investor relations services specializing in the European market
and is based in Germany. MMG is
headed by CEO, Christina Hammer. As
of the date hereof, to the Company's knowledge, MMG (including its
directors and officers) does not own any securities of the Company
and has an arm's-length relationship with the Company. The Company
will not issue any securities to MMG as compensation for its
marketing service. For more information regarding the Company's
engagement of MMG, please refer to its news release dated
February 27, 2024.
Amendment to Marketing Contract with Direct to Investor
Media, LLC
Further to the Company's news release of February 27, 2024, in which the Company announced
its 12-month marketing engagement of Direct to Investor Media, LLC
("D2I"), the Company has entered into an amending agreement with
D2I dated August 22, 2024 (the "D2I
Amending Agreement") to amend the marketing services agreement with
D2I dated February 1, 2024 (the
"Original D2I Agreement"). Pursuant to the D2I Amending Agreement,
the Company and D2I have agreed to increase D2I's marketing budget
from C$300,000 to C$450,000 (the "D2I Budget"). As compensation for
its marketing services, D2I shall be entitled to retain a marketing
services fee equal to 20% of the D2I Budget. All other terms of the
Original D2I Agreement remain unamended.
D2I is a California based
company who specializes in consulting, advertising, media, email,
and creative services for the purpose of advertising and promoting
its clients and their brands. D2I is headed by its CEO,
David Bogart. As of the date hereof,
to the Company's knowledge, D2I (including its directors and
officers) does not own any securities of the Company and has an
arm's-length relationship with the Company. The Company will not
issue any securities to D2I as compensation for its marketing
service. For more information regarding the Company's engagement of
D2I, please refer to its news release dated February 27, 2024.
New Marketing Agreement with 2686362 Ontario
Corporation dba CanaCom Group
The Company has entered into a Services Agreement dated
August 12, 2024 (the "CanaCom
Agreement") with 2686362 Ontario Corporation dba CanaCom Group
("CanaCom Group") pursuant to which CanaCom Group has agreed to
provide digital content, marketing and media distribution services
to the Company. Pursuant to the terms of the CanaCom Agreement,
such marketing services are to be provided over a 12-month period,
for a fee of C$80,000 plus applicable
taxes. CanaCom Group is a full-service marketing agency based in
Oakville, Ontario and is headed by
Jordan Lutz. CanaCom Group provides
digital marketing awareness via advertising through its fully owned
platform theDeepDive.ca, which includes both video and written
content coverage of Canadian small-cap stories. As of the date
hereof, to the Company's knowledge, CanaCom Group (including its
directors and officers) does not own any securities of the Company
and has an arm's-length relationship with the Company. The Company
will not issue any securities to CanaCom as compensation for its
marketing service.
About RUA GOLD
RUA GOLD (TSXV: RUA) (OTCQB:
NZAUF) (WKN: A4010V) is a new entrant to the gold mining space,
specializing in gold exploration and discovery in New Zealand. Upon closing of the transaction
with Siren Gold Limited announced in July
2024, the Company will have permits enveloping 90% of the
Reefton Goldfield in New Zealand's
South Island. This district has a rich history dating back to the
gold rush in the late 1800s. The Company also has a highly
prospective tenement package in the North Island, located within 3
kms of OceanaGold's biggest pipeline project, Wharekirauponga.
RUA GOLD combines traditional
prospecting practices with modern technologies to uncover and
capitalize on valuable gold deposits.
The Company is committed to responsible and sustainable
exploration, which is evident in its professional planning and
execution. The Company aims to minimize its environmental impact
and to execute on its projects with key stakeholders in mind.
RUA GOLD has a highly skilled team
of New Zealand professionals who
possess extensive knowledge and experience in geology,
geochemistry, and geophysical exploration technology.
For further information, please refer to the Company's
disclosure record on SEDAR+ at www.sedarplus.ca.
Website: www.RUAGOLD.com
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this new release,
other than statements of historical facts, that address events or
developments that the Company expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur and specifically include the TSX Venture Exchange's
approval of the CanaCom Agreement, the MMG Amending Agreement, and
the D2I Amending Agreement and the provision of the marketing
services contemplated therein. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. A variety of inherent risks,
uncertainties and factors, many of which are beyond the Company's
control, affect the operations, performance and results of the
Company and its business, and could cause actual events or results
to differ materially from estimated or anticipated events or
results expressed or implied by forward looking statements. Some of
these risks, uncertainties and factors include: general business,
economic, competitive, political and social uncertainties; risks
related to the effects of the Russia-Ukraine war; risks related to climate change;
operational risks in exploration, delays or changes in plans with
respect to exploration projects or capital expenditures; the actual
results of current exploration activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be
refined; changes in labour costs and other costs and expenses or
equipment or processes to operate as anticipated, accidents, labour
disputes and other risks of the mining industry, including but not
limited to environmental hazards, flooding or unfavourable
operating conditions and losses, insurrection or war, delays in
obtaining governmental approvals or financing, and commodity
prices. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements and reference
should also be made to the Company's annual information form dated
April 19, 2024, filed under its
SEDAR+ profile at www.sedarplus.ca for a description of
additional risk factors.
Forward-looking statements are based on the beliefs, estimates
and opinions of the Company's management on the date the statements
are made. Except as required by applicable securities laws, the
Company undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
SOURCE Rua Gold Inc.