Mr. Minaz Devji reports
NORRA METALS APPOINTS INVESTOR RELATIONS AND GRANTS STOCK OPTIONS
Norra Metals Corp. has hired Empire Communications Group Inc. to provide certain investor relations consulting services.
Empire is a Toronto/Vancouver-based investor relations firm. The firm and its representatives do not currently hold any shares in the company.
Under the terms of the agreement, which is dated Aug. 19, 2020, for reference, Empire will receive a cash fee of $10,000 plus GST (goods and services tax) per month for an initial term of three months. Empire has no active position in the company, but, as part of this service contract, shall be entitled to participate in the company's incentive stock option plan from time to time, in accordance with the rules and policies of the TSX Venture Exchange on the date of announcement of the grant of such incentive stock options. The agreement between the company and Empire is subject to regulatory approval. Empire does not provide market-making activities.
The company also announces it has granted 700,000 stock options to directors, officers, employees and consultants of the company pursuant to the company's stock option plan, subject to any regulatory approvals. Each stock option vests immediately and is exercisable at a price of six cents per share for a period of three years from the grant date.
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