VANCOUVER, BC / ACCESSWIRE / December 15, 2020 / Northern Lights Resources Corp. (CSE:NLR) (the “Company” or “Northern Lights”) is pleased to announce that it has entered into an Investor Relations Agreement with Mr. Shawn Balaghi of Ascent Corporate Management Inc. (the “Consultant”) to assist with investor relations activities, including communicating and marketing to potential investors, shareholders and media contacts. The Investor Relations Agreement is for a period of six months and month to month thereafter and can be terminated at any time by providing 30 days written notice.
Shawn has been involved in public equity market roles for more than 23 years. Over his career, he has held senior roles in private and listed public technology and resource companies. Most recently Shawn worked in Investor Relations with Mag Silver Corporation and has previously held senior positions with South American Mining Corp, Tara Gold Resources and Red Biosciences Corp. Prior to that, Mr. Balaghi spent approximately 15 years working as a resource banker working with firms including Deutsche Bank, Macquarie Bank, and Canaccord. Mr. Balaghi holds a B.com from Simon Fraser University.
In consideration for the services, the Company will pay the Consultant $6,500 on a monthly basis. The Company has, subject to regulatory approval, granted the Consultant stock options entitling the Consultant to purchase 500,000 common shares of the Company at a price of $0.07 per share with a five year term.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver is earning 100% ownership.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Northern Lights Resources Corp.
View source version on accesswire.com: