South Atlantic Gold Announces Market Advisory Engagement
TSX-V: SAO
South Atlantic Gold Announces Market Advisory Engagement
Kelowna, British Columbia, February 8, 2021 - SOUTH ATLANTIC GOLD INC. (TSX-V: SAO)
(“South Atlantic” or the “ Company”) is pleased to announce the engagement of Red Cloud
Financial Services Inc. and Red Cloud Securities Inc (collectively “ Red Cloud ”) to provide the
Company with capital markets advisory and marketing services (“Red Cloud Agreement”).
Red Cloud will provide the Company with a range of capital markets advisory services and access
to its mineral industry network to increase the Company’s exposure to alternative sources of
capital and to generate and maintain relationships with new and key investors. South Atlantic
will be participating in many of the ser vices of Red Cloud including marketing, media and
advisement. The monthly marketing fee shall be $10,000 per month (“Marketing Fee ”). In
addition to the Marketing Fee, Red Cloud will receive a transaction fee in the event that a
transaction ("Transaction") is consummated dependent on the value of that Transaction.
Red Cloud is a Toronto -based financial services company that provides assistance to mineral
exploration and mining companies in accessing capital markets and enhancing their
corporate profile.
Further to the Company’s recent appointment of Anne Hite (“ Hite”) as VP Investor Relations
the Company and Hite have entered into a consulting agreement (“ IR Agreement ”) for a
period of 12 months on a part -time basis, at an initi al monthly fee of US$2,000 increasing to
a full -time basis upon completion of certain milestones to a maximum rate of US$9,500 per
month.
The Red Cloud Agreement and IR Agreement are subject to TSX Venture Exchange approval.
About South Atlantic Gold
South Atlantic Gold is an exploration company engaged in acquiring and advancing mineral
properties located in the Americas. The Company’s principal BC asset is the wholly owned 4,056-
hectare Big Kidd property, located near Aspen Grove, BC. Our Brazilian flagship asset is our option
to acquire the Pedra Branca project, located 280 km southwest of Fortaleza, Ceara State, Brazil.
South Atlantic Gold is focused on creating value for its shareholders by engaging in the
development and acquisition of high-quality mineral assets located in stable and mining friendly
jurisdictions. South Atlantic Gold’s is based in Kelowna, British Columbia, and is listed on the TSX-
V under the symbol “SAO.
ON BEHALF OF THE BOARD
Douglas Meirelles, President and CEO
For more information regarding this news release, please contact:
TSX-V: SAO
Douglas Meirelles, President and CEO
Anne Hite, Vice President, Investor Relations
T: 250-762-5777
Email: [email protected]
Cautionary Note Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking Information", as such term is used in applicable Canadian
securities laws. Such forward -looking information involves known and unknown risks, uncertainties and other factors that may
cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the
anticipated results, performance or achievements expressed or implied by such forward -looking information. Forward -looking
information includes 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 o r
conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on
information available on the date hereof, by its nature forward-looking information involves assumptions and known and
unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements,
or other future events, to be materially different from any future results, performance or achievements expressed or implied by
such forward-looking information. There can be no assurance that the Fundamental Acquisition will be completed as proposed or
at all.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated
with general economic conditions; the Covid -19 pandemic; adverse industry events; the receipt of required regulatory approvals
and the timing of such approvals; that the Company maintains good relationships wi th the communities in which it operates or
proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient
capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and
markets in Canada and generally; the ability of the Company to implement its business strategie s; competition; the risk that any
of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks assoc iated
with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be
consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration
and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the
SEDAR website at www.sedar.com.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE T HIS
INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.