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SUDBURY, ON, May 2, 2018 /CNW/ - Transition Metals Corp
(TSXV: XTM) ("Transition" or the "Company") a mineral
exploration, project generator is pleased to announce that it has
retained IR Plus Inc. ("IR Plus") to provide the
Company with strategic investor relations and financial
communications services subject to Exchange approval. IR
Plus is a corporate communications and investor relations firm
based out of Rhode Island, USA
with a focus on broadening market awareness and engagement with the
institutional and retail investment communities. IR Plus
will be responsible for marketing and shareholder communications,
which includes enhancing the Company's exposure among industry
stakeholders and investors across Canada, and the
United States.
Mr. Raymond Mullaney, the
President and founder of IR Plus, is also the founder and
president of Equity Performance Sciences, LLC., a financial
technology company, and Capital Preservation Trust, LLC., a
State Registered Investment Advisor. Mr. Mullaney has owned
registered investment firms in the US since 1982 and has served on
boards of several US and Canadian public and private companies.
Under the terms of an investor relations agreement between
Transition and IR Plus effective May
1, 2018 (the "Agreement") Transition will pay IR Plus
a monthly fee of US$1,500 for select
strategic investor relations services on a month to month basis,
terminable at any time by either party, upon providing 30 days
written notice.
In addition, Raymond Mullaney
will retain 175,000 stock options (fully vested) that were granted
to him under a previous consulting contract dated May 2, 2017. Each stock option entitles
Raymond Mullaney to purchase a
common share in the capital of the Company at an exercise price of
$0.20 at any time prior to
May 2, 2020 subject to the Company's
stock option plan. IR Plus has advised the Company that
Raymond Mullaney currently
owns/controls 1,199,000 common shares of the Company and 50,000
warrants to acquire common shares of the Company. Each
Warrant entitles Raymond Mullaney to
purchase one additional Common Share prior to November 27, 2019 at a price of $0.20.
About Transition Metals Corp
Transition Metals Corp (XTM - TSX.V) is a Canadian-based,
multi-commodity project generator that specializes in converting
new exploration ideas into Canadian discoveries. The award-winning
team of geoscientists has extensive exploration experience in
established, emerging and historic mining camps and actively
develops and tests new ideas for discovering mineralization in
places that others have not looked, which often allows the
Corporation to acquire properties inexpensively. The team is
rigorous in its fieldwork and combines traditional techniques with
newer ones to help unearth compelling prospects and drill targets.
Transition uses the project generator business model to acquire and
advance multiple exploration projects simultaneously, thereby
maximizing shareholder exposure to discovery and capital gain.
Joint venture partners earn an interest in the projects by funding
a portion of higher-risk drilling and exploration, allowing
Transition to conserve capital and minimize shareholder's equity
dilution. The Corporation has an expanding portfolio that currently
includes more than 25 gold, copper, nickel and platinum projects
primarily in Ontario, Nunavut, British
Columbia, Minnesota and
Saskatchewan.
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.
SOURCE Transition Metals Corp.
