Relevant Gold Announces Results of AGM and Engages Market Maker
Relevant Gold Announces Results of AGM and Engages
Market Maker
VANCOUVER, BC / ACCESSWIRE / August 23, 2023 / Relevant Gold Corp. ("Relevant
Gold" or the "Company") (TSXV:RGC) is pleased to announce the results of its Annual
General Meeting held August 18, 2023: All matters were overwhelmingly approved by
shareholders. In particular, each of the following directors were re-elected: Peter Megaw (an
independent director), Ronald Parratt (an independent director), Sarah Weber (an independent
director), Brian Lentz, and Robert Bergmann. In addition, Smythe LLP was re-appointed as
auditor of the Company and shareholders approved the Company's omnibus equity incentive
compensation plan.
The Company also announces that, subject to regulatory approval, it has engaged Independent
Trading Group (ITG), Inc. ("ITG") to provide market-making services to the Company in
accordance with the policies of the TSX Venture Exchange (TSXV). ITG will trade shares of the
company on the TSXV and all other trading venues with the objective of maintaining a
reasonable market and improving the liquidity of the Company's common shares (the "Shares").
The market-making services agreement between the Company and ITG (the "Agreement") will
run on an ongoing month-to-month basis at the cost of up to $6,000 per month, payable monthly
in advance. The Agreement will renew automatically unless terminated by one of the parties
pursuant to the terms of the Agreement. The services under the Agreement include, among
others, assisting in establishing a fair and orderly market for the Shares, enhancing market depth
and augmenting liquidity for the Shares, adding stability and efficiency to the market for the
Shares and increasing the efficiency of the price discovery mechanism. There are no
performance factors contained in the agreement and ITG will not receive Shares or options as
compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the
agreement, neither ITG nor its principals have any interest, directly or indirectly, in the Shares or
other securities of the Company. The appointment of ITG is subject to the approval of the TSXV.
About Independent Trading Group (ITG), Inc.
Independent Trading Group (ITG) Inc. is a Toronto-based CIRO dealer-member that specializes
in market making, liquidity provision, agency execution, ultra-low latency connectivity, and
bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure,
execution, and trading, ITG has leveraged its own proprietary technology to deliver high-quality
liquidity provision and execution services to a broad array of public issuers and institutional
investors.
About Relevant Gold Corp.
Relevant Gold Corp. is a North American gold exploration company focused on the acquisition,
exploration, discovery, and development of district-scale gold projects in the state of Wyoming -
one of the most mining-friendly jurisdictions in the United States and globally. Founded by
experienced exploration geologists, Relevant Gold is managed by a highly respected team with a
proven record of significant value creation for shareholders.
On behalf of Relevant Gold Corp.,
Rob Bergmann, Chief Executive Officer
More information
For further information about Relevant Gold Corp. or this news release, please visit our website
at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher
Jensen, Manager of Investor Relations, at 763-760-4886 or by email at
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that constitute forward-looking information within
the meaning of applicable securities laws. These statements relate to future events of Relevant
Gold Corp. ("Relevant" or "Relevant Gold" or "the Company"). Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always, using words or
phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may",
"will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should",
"believe", "outlook" and similar expressions) are not statements of historical fact and may be
forward-looking information. Forward-looking information involves known and unknown risks,
uncertainties, and other factors which may cause the actual results, performance, or
achievements of the Company to be materially different from any future results, performance, or
achievements expressed or implied by the forward-looking information. Such risks include,
among others, the inherent risk of the mining industry; adverse economic and market
developments; the risk that the Company will not be successful in completing additional
acquisitions; risks relating to the estimation of mineral resources; the possibility that the
Company's estimated burn rate may be higher than anticipated; risks of unexpected cost
increases; risks of labour shortages; risks relating to exploration and development activities; risks
relating to future prices of mineral resources; risks related to work site accidents, risks related to
geological uncertainties and variations; risks related to government and community support of
the company's projects; risks related to global pandemics and other risks related to the mining
industry. The Company believes that the expectations reflected in such forward-looking
information are reasonable, but no assurance can be given that these expectations will prove to
be correct and such forward‐looking information should not be unduly relied upon. These
statements speak only as of the date of this news release. The Company does not intend and does
not assume any obligation, to update any forward‐looking information except as required by law.
The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz,
CPG #11999, Chief Exploration Officer of the Company, who is a "Qualified Person" as defined
by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr.
Lentz is not independent of the Company.
SOURCE: Relevant Gold Corp.