Vancouver, BC / TheNewswire / April 13, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the "Company" or "Durango") announces that it has retained First Canadian Capital Corp. ("FCCC" or "First Canadian"), a leading investor relations firm, to provide investor relations services and to raise awareness of Durango's operations.
The investor relations agreement with First Canadian (the "Agreement"), provides that FCCC will use their proprietary database to contact retail brokers, portfolio managers, analysts, individual investors and media contacts. FCCC works with both the Canadian and European financial community, journalists, newsletter writers and has a strong network which will benefit Durango shareholders.
Under the terms of the Agreement, Durango will pay First Canadian $6,000 per month for a period of up to one year and may issue 500,000 stock options at an exercise price of $0.10 per share at certain times, which will vest in accordance with the Company's stock option plan and the policies of the TSX Venture Exchange. The Agreement and related stock option issuance to First Canadian remain subject to the approval of the TSX Venture Exchange.
Marcy Kiesman, CEO of Durango stated, "Durango is very pleased to have First Canadian Capital join the team to help communicate with our shareholders and raise awareness of our operations with potential new investors. We expect that partnering with First Canadian will help increase market awareness and expand Durango's shareholder base, allowing management to focus on Durango's diverse portfolio of projects positioned for discovery."
Jason Monaco, Partner of FCCC stated, "First Canadian is pleased to be working with the Durango team, which has done an excellent job assembling properties that are drill-ready for gold, lithium, and cobalt. Durango's portfolio includes a strategic positioning in the Urban-Windfall camp, where the largest drill program in the world is taking place, led by Osisko Mining (OSK-TSX). We look forward to adding value to the Company's development and involving our network in 2018 and beyond."
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner's Fortune limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, and the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.
About First Canadian Capital Corp.
Based in Toronto and celebrating its 20th year, First Canadian develops strategic platforms for North American corporations that are utilized to gain exposure and recognition to the capital markets. First Canadian's core competencies are found in identifying quality assets and undervalued companies with high growth potential.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
George Aizpurua, VP of Communications
First Canadian Capital Corp.
Telephone: 416.742.5600 or 647.500.2389
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to TSX Venture Exchange approval of the Agreement, the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company's prospectus filed on its SEDAR profile at www.sedar.com.
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.