DLP Resources Announces Investor Relations Agreement
In This Article:
Cranbrook, British Columbia--(Newsfile Corp. - January 12, 2024) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces that it has entered into an investor relations agreement dated January 10, 2024 (the "Agreement") with Max Reinhart (the "Consultant"), pursuant to which the Consultant has agreed, effective December 1, 2023, to provide advertising, marketing and shareholder and investor relations services to the Company for a term of 12 months, subject to extension by mutual agreement of the parties.
The Consultant has been engaged to heighten market awareness for the Company and to broaden the Company's reach within the investment community. In conducting his marketing and advertising program, the Consultant will employ a number of different communication methods, including phone calls and emails.
Pursuant to the Agreement and subject to the approval of the TSX Venture Exchange (the "Exchange"), the Company will issue the Consultant 150,000 stock options at an exercise price of $0.40 for a term of 3 years. The options will vest one quarter upon the date of grant, one quarter after 6 months, one quarter after 12 months and the remainder after 24 months. The Company will also pay the Consultant a monthly cash fee of $6,000 which the Company intends to pay out of its general working capital account.
The Company and the Consultant act at arm's length, and the Consultant has no present interest, directly or indirectly, in the Company or its securities, or any right or present intent to acquire such an interest.
The Investor Relations Agreement is subject to the approval of the Exchange. The Consultant has agreed to comply with all applicable securities laws and the policies of the Exchange in providing the services to the Company.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional information.
FOR FURTHER INFORMATION PLEASE CONTACT:
DLP RESOURCES INC.
Ian Gendall, President and Chief Executive Officer
Jim Stypula, Executive Chairman
Scott Davis, Chief Financial Officer
Telephone: 250-426-7808
Email: [email protected]
Email: [email protected]
Email: [email protected]
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 release.