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Canada Gold Engages Mi3 Communications Financieres for Investor Relations Services
Vancouver, British Columbia, Canada - January 30, 2013 - Canada Gold Corporation (TSX-V: CI, FSE: T9NB, OTC-BB: CNGZF) ("Canada Gold" or the "Company") is pleased to announce it has engaged Mi3 Communications Financières Inc. (“Mi3”) to perform Investor Relations services for the Company. The terms of the agreement are a monthly fee of $5,000 (+ GST) and 200,000 stock options at an exercise price of $0.10. The agreement will remain in force for a minimum period of six months and the stock options will be active for a period of two years from the date of grant, February 6th, 2013.
Mi3 is a new age financial communication Service Company geared for today's fast paced global economy. Based in Montreal, Quebec, Mi3 has a broad financial communications program made up of the following services: Proactive retail and institutional awareness, online communication, market Intelligence, PR road show, market making, strategic communication, search engine optimization, online marketing campaigns and CEO webcasts. These services are for small, mid, and large-cap public companies trading on Canadian and US exchanges throughout North America.
The Company also announces it is granting 590,000 options to Directors, Officers, and Consultants of the Company, exercisable at a price $0.10 for a period of 2 years from the date of grant, which include the options granting to Mi3, described above.
This engagement and the options grants are subject to TSX Venture Exchange approval.
About Canada Gold
Canada Gold is a Canadian gold exploration and development company focused on the newly optioned Northern Arm Gold project located within the Hemlo Greenstone Belt in north central Ontario, approximately 10 kilometers north of Barrick Gold Corporation’s Hemlo deposit. The original Hemlo deposit was discovered in 1981 and the Hemlo Mines have since produced more than 20 million ounces of gold while 250,000 ounces of gold are currently being produced per annum. Strong potential exists for additional discoveries in the Hemlo region, though limited exploration has occurred in the area despite having very similar geology to the Hemlo Mines deposits. The Northern Arm Property straddles approximately 90% of a 40 kilometer long, gold prospective geological trend that has yet to be systematically explored. The Company is currently planning an aggressive 2013 exploration program for the property.
On Behalf of the Board,
Chad McMillan
President & CEO
Neither 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 release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company's plans for and intentions with respect to the acquisition and exploration of the Northern Arm Property constitute "forward-looking statements" and "forward-looking information" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any required government or other regulatory approvals and any required financing to complete the Company's property options and planned exploration activities, that the Company is able to procure equipment and supplies in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, uncertainties involved in the interpretation of drilling results and geological tests, delays in obtaining required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdowns and bad weather. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. |