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Arctic Star hires Agora for on-line marketing services

2020-08-05 14:46 ET - News Release

Mr. Patrick Power reports

ARCTIC STAR ANNOUNCES ADVERTISING AND ONLINE MARKETING AGREEMENT WITH AGORA INTERNET RELATIONS CORP.

Arctic Star Exploration Corp. has implemented an on-line marketing and awareness program through Agora Internet Relations Corp. (Agoracom) of Richmond Hill, Ont., Canada, to provide advertising and on-line marketing services to the company.

The company will receive significant exposure through millions of content brand insertions on the Agoracom network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties, such as Agoracom TV, the Agoracom home page and the Agoracom Twitter account, will serve to significantly raise the brand awareness of the company among small-cap investors.

Shares-for-services program

The company has obtained acceptance in principle to the agreement with Agoracom, pursuant to which it intends to issue shares for services to Agoracom in exchange for the on-line advertising, marketing and branding services. Pursuant to the terms of the agreement, as well as subject to all relevant regulatory and other consents and approvals, including, but not limited to, acceptance from the TSX Venture Exchange, the company will issue:

  • $12,000 plus HST (harmonized sales tax) in shares for services upon commencement, Aug. 1, 2020, for prior preparation;
  • $12,000 plus HST in shares for advertising services at end of third month -- Nov. 1, 2020;
  • $12,000 plus HST in shares for advertising services at end of sixth month -- Feb. 1, 2020;
  • $12,000 plus HST in shares for advertising services at end of ninth month -- May 1, 2020;
  • $12,000 plus HST in shares for advertising services at end of 12th month -- July 31, 2021.

The number of shares to be issued in respect of each period will be determined by using the undiscounted closing price of the shares of the company on the TSX-V on the last trading day before the issuance of the news release announcing each issuance of shares once the services have been performed by Agoracom.

The term of the agreement is for 12 months, effective immediately. The company will issue a press release following the issuance of shares under the terms of the agreement.

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