Coast Copper Signs Investor Relations Contract with Mars and Grants Stock Options
Coast Copper Signs Investor Relations
Contract with Mars and Grants Stock Options
TSX.V: COCO
VANCOUVER, BC
,
Oct. 28, 2021
/CNW/ -
Coast Copper Corp. ("Coast Copper" or the
"Company")
(TSXV: COCO)
(formerly Roughrider Exploration Limited) wishes to announce that it
has retained the services of
Vancouver
-based Mars Investor Relations Inc. ("
Mars
"), a full-service
investor relations and consulting services company focused on the junior mining sector. Under the
terms of the engagement agreement (the "
Agreement
"), Coast Copper will compensate Mars
$180,000
over the 12-month initial term of the Agreement and has granted Mars stock options (the
"
Mars Options
") exercisable to acquire an aggregate of 500,000 common shares at a price of
$0.10
per share until
October 27, 2026
. The Mars Options shall vest quarterly over a period of 12
months, with 25% vesting each quarter. The Mars Options and any shares issuable upon exercise
thereof are subject to a hold period of four months and one day. Mars may from time to time acquire
or dispose of securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant. Mars and Coast Copper are non-arm's-length parties
as a result of a common Insider, but otherwise have no other relationship except pursuant to the
Agreement. Mars and/or its affiliates currently hold 4,487,400 common shares of the Company.
Coast Copper has also granted a total of 2,015,000 stock options to Directors, Officers, employees
and consultants of the Company pursuant to the Company's 10% rolling Stock Option Plan, with the
stock options having the same terms as the Mars Options.
The Mars Agreement and all stock options granted are subject to regulatory approval.
Adam Travis
, the Company's CEO, comments:
"We look forward to working with the Mars team to
move Coast Copper into the next phase as we prepare for drilling at the Empire Property."
About Coast Copper Corp.
Coast Copper's exploration focus is the optioned Empire Mine Property, located on Northern
Vancouver Island, B.C., which covers three historical open pit mines and two past-producing
underground mines that yielded iron, copper, gold and silver. Coast Copper's other properties
include its 100% owned
Eldorado
, Gin and Bonanza properties located in the Golden Triangle of
northern B.C. which are adjacent to the Red Chris Mine, the Knob Hill NW Property located on
northern Vancouver Island and the 100% owned Sterling, Sandy and Home Brew properties which
are located in central B.C. Coast Copper's management continues to review precious and base
metals opportunities in western
North America
.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis
, Chief Executive Officer and Director
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any
information
regarding the proposed Transaction, private placement, board and management
changes,
as to
our strategy, projects, plans or future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements of historical fact, are to be
considered forward-looking statements. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered reasonable by Coast Copper, are
inherently subject to significant business, economic, geological and competitive uncertainties and
contingencies. Although Coast Copper believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance. Known and unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such factors include but are not limited to:
fluctuations in market prices, exploration and exploitation successes, continued availability of
capital and financing, changes in national and local government legislation, taxation, controls,
regulations, expropriation or nationalization of property and general political, economic, market or
business conditions. Many of these uncertainties and contingencies can affect our actual results
and could cause actual results to differ materially from those expressed or implied in any forward-
looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking
statements are not guarantees of future performance and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. All of the forward-looking statements made in this press
release, or incorporated by reference, are qualified by these cautionary statements. We do not
assume any obligation to update any forward-looking statements.
SOURCE
Coast Copper Corp
View original content:
http://www.newswire.ca/en/releases/archive/October2021/28/c5101.html
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For further information:
Adam Travis, CEO, Coast Copper Corp, 409 Granville Street, Suite 904,
Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E: [email protected]
CO: Coast Copper Corp
CNW 08:05e 28-OCT-21