CSG: TSX-V
VANCOUVER, Nov. 25, 2014 /CNW/ - Cosigo Resources
Ltd.("Cosigo" or the "Company") has engaged RCI Capital Group Inc.
("RCI") to provide financial advisory consulting services to assist
Cosigo with the strategic development of the business of the
Company. Under the terms of the engagement, RCI will provide
Cosigo with non-exclusive services which will include negotiating
and structuring potential corporate/strategic transactions with
respect to Cosigo's Colombia and
Brazil based gold projects.
RCI will also assist Cosigo in capital raising activities and
developing its properties in a manner that will maximize
shareholder value. The term of the engagement will be for a
period of 6 months, unless extended by mutual consent of the
parties.
RCI Capital is an independent financial services and advisory
firm focused on Asia Pacific cross
border transactions in the energy and resource sectors. Their
advisory services include mergers and acquisitions, strategic
partnerships, investment structuring and project financing to
intermediate and junior companies. RCI's wholly owned
subsidiary, Renaissance Capital Inc., is a licensed investment
dealer and registered member with IIROC and CIPF
(www.rcicapitalgroup.com).
Cosigo has agreed to compensate RCI with a monthly work fee, one
half of which will be paid during the term of the engagement and
one half upon the closing of a strategic transaction or private
placement financing of Cosigo. In addition, upon entering
into the engagement, the Company issued RCI 2,000,000
non-transferable share purchase warrants to purchase 2 million
common shares of the Cosigo exercisable for a period of four years
at a price of $0.05 per share.
The warrants will expire if RCI does not deliver a binding letter
of intent or expression of interest from a prospective party within
twelve months from the end of the term of their engagement.
Any other fees payable to RCI are contingent upon the Company
entering into a transaction with a party introduced by RCI.
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 of the adequacy or
accuracy of this release.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company with mineral interests
in properties in Brazil,
Colombia and Canada. The Company's main focus is in the
Taraira Gold Belt, which straddles the border between northwestern
Brazil and southeastern
Colombia. In Brazil, geological mapping has identified more
than 250 km2 of prospective geology and sampling has identified
gold-bearing strata over long strike-lengths in several locations.
Cosigo's ongoing work in the Taraira Gold Belt is the first modern
exploration program in an area known to have hosted more than 100
historic gold mining operations.
On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/"Dennis Milburn"
President & CEO
Cautionary Notice: This news release contains forward-looking
statements regarding the Company's business or financial condition,
including the proposed completion of financings, use of proceeds,
exploration programs, potential strategic transactions and fees
that may be paid to RCI. Actual results could differ materially
from those described in this news release as a result of factors,
including, but not limited to the following: the timing and
completion of financings, the actual use of proceeds, the timing,
results and success of exploration and development programs,
financial arrangements, the ability to obtain additional financing,
developments in global resource markets, political developments,
the timing of regulatory and environmental approvals, the success
of RCI in the provision of services to the Company and other
factors. The Company cautions that these and similar statements
involve risk and uncertainties, which could cause actual results to
differ materially from those in the forward looking statement.
Forward--looking statements are made in the context of information
available as of the date stated. The Company undertakes no
obligations to update or revise such statements to reflect new
circumstances or unanticipated events as they occur, unless
required by applicable law.
SOURCE Cosigo Resources Ltd.