Vancouver, BC – TheNewswire – April 13th, 2023 – Fidelity Minerals Corp. (TSXV:FMN) (FSE:S5GM) (SSE:MNYC) (“Fidelity” or the “Company”) is pleased to announce that it has engaged The Howard Group as its investor relations communications advisor to direct both traditional and online initiatives targeting institutional and retail investing groups as well as the broader investment community.
The Agreement is for 18 months effective April 15, 2023. The remuneration payable to The Howard Group will be tiered throughout the term of the contract. The first month will be $10,000 and ultimately move to $12,000 per month. In addition, The Howard Group has been granted options to acquire five hundred thousand (500,000) common shares of the Company at an exercise price of $0.11. These options have a term of five years and will vest as follows: 125,000 options shall vest on July 12, 2023, 125,000 options shall vest on October 12, 2023, 125,000 options shall vest on January 12, 2024, and 125,000 options shall vest on April 12, 2024. The Howard Group is an arms-length party with no current relationship with the Company and The Howard Group and/or its employees currently holds 200,000 common shares of Fidelity.
Founded in 1988, the Howard Group provides Investor Relations Engagement Programs, Capital Markets Advisory, Corporate & Digital Communications services for emerging & established public and select private companies.
In addition to the options granted the Howard Group, the Company announces that it has granted an aggregate of 4,550,000 incentive stock options (the “Options”) to certain directors, officers and consultants of the Company pursuant to the Company’s previously approved Stock Option Plan. The Options are exercisable at a price of $0.11 per share for a period of 5 years.
The Agreement and options are subject to the approval of the TSX Venture Exchange.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. has assembled a portfolio of high-quality mining assets in Peru and aims to delineate major deposits on these properties that could attract the interest of mid-tier and major mining companies. Fidelity has a portfolio of four key assets in Peru and is currently focused on progressing its most advanced project – Las Huaquillas. Fidelity is also looking to opportunistically expand its project portfolio with accretive acquisitions. The company is backed by an experienced management team with diverse technical, market, and commercial expertise and is supported by committed, and sophisticated investors focused on building long-term value.
On behalf of the Board of Fidelity Minerals.
CEO, President and Director
For more information, please visit the corporate website at http://www.fidelityminerals.com or contact:
NEITHER THE 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 NEWS RELEASE.
Disclaimer & Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements are statements that relate to future events or future financial performance. In some cases, you can identify forward-looking statements by the use of terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “predict”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements speak only as of the date of this news release. This news release may also contain inferences to future oriented financial information (“FOFI”) within the meaning of applicable securities laws. The information in this news release has been prepared by our management to provide a context to provide the reader with an outlook for our future activities and anticipated key milestones and may not be appropriate for other purposes. Forward-looking statements in this announcement include, (but are not limited to) advancing certain key project activities that could represent important milestones which the Company expects may represent material valuation catalysts, such as the expectation that through the assembling of a portfolio of high-quality mining assets in Peru, the Company aims to delineate major deposits on these properties that could attract the interest of mid-tier and major mining companies. Further, forward-looking statements in this release include that Fidelity Minerals Corp. is also looking to opportunistically expand its project portfolio with accretive acquisitions.