Northisle Copper and Gold Enters Into Investor Relations Agreement; Flow-Through Private Placement Financing
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/20/13 -- Northisle
Copper and Gold Inc. (TSX VENTURE:NCX) ("Northisle" or the "Company")
has engaged Mr. Reg Advocaat to provide investor relations and
capital markets advisory services effective February 20, 2013. Mr.
Advocaat has 30 years of experience in the junior resource sector
beginning in 1982 as an investment advisor and later as Head Trader
and junior partner with Pacific International Securities Inc. He has
spent the past 20 years working with various public companies in the
roles of Investor Relations and Corporate Development and most
recently as a Capital Markets Advisor, President and CEO of a junior
resource company listed on the TSX-Venture Exchange.
Mr. Advocaat will assist with the creation, co-ordination and
implementation of Northisle's investor relation plan while
introducing Northisle to private investors, analysts, brokers, money
managers, newsletter writers and other financial professionals. The
agreement with Mr. Advocaat is subject to TSX Venture Exchange
Mr. Advocaat has been engaged on a month-by-month basis at a monthly
fee of $5,000 and will be granted a stock option to purchase up to
200,000 common shares of Northisle for a period of five years at a
price of $0.15 per share. The options will vest over two years in
accordance with the Company's stock option plan and the policies of
the TSX Venture Exchange.
The Company also wishes to announce that it intends to raise up to
$300,000 by way of a non-brokered private placement, to consist of
the sale of up to 2,500,000 flow-through shares at a price of $0.12
The proceeds from this private placement, which is subject to
regulatory acceptance, will be used for continued exploration of
Northisle's North Island Project on Vancouver Island. Closing is
expected to occur by March 1, 2013.
Northisle is a Vancouver based junior resource company committed to
the exploration and development of the North Island Copper-Gold
Project on Northern Vancouver Island. The North Island Copper-Gold
Project is situated approximately 15-40 kilometres southwest of Port
contains the Hushamu Deposit and five other partially
explored copper-gold porphyry occurrences. The Company recently
announced a 43-101 compliant resources estimate on the Hushamu
Deposit which has been filed on SEDAR. The project is 100% owned by
For more information on Northisle and the Hushamu Deposit please
visit the Company's website at www.Northisle.ca.
On behalf of Northisle Copper and Gold Inc.
John McClintock, President, CEO and Director
This press release contains forward-looking statements. These
forward-looking statements are based upon the reasonable beliefs of
Northisle and its management as of the date of this news release;
however, forward-looking statements involve risks and uncertainties
and are based upon factors that may change and assumptions that may
prove, with the passage of time, to be incorrect as a result of
exploration and other risk factors associated with mineral
exploration and development that are beyond the control of Northisle.
Accordingly, undue reliance should not be placed upon such
statements. If factors materially change or assumptions are
materially incorrect, the actual results, performance or achievements
of Northisle may be materially different from any future results,
performances or achievements expressed or implied by such
forward-looking statements. Northisle does not undertake any
obligation to update or revise any forward-looking statements to
reflect new information, future events or otherwise, except as
required by applicable law.
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.
Northisle Copper and Gold Inc.
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