(TheNewswire)
July 8, 2021 - TheNewswire - Coquitlam, BC - Canada Silver Cobalt Works Inc.(TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or"Canada Silver Cobalt") announces that it has retained theservices of Toronto-based Oak Hill Financial (“Oak Hill”) toassist with investor relations activities.
“We are excited to work with Oak Hill, one ofCanada’s leading investor relations firms, to further engage withthe Canadian investment community and ensure that we are getting ourstory out to investors,” said Frank Basa, CEO of Canada SilverCobalt. “As we accelerate our drive towards commencing mining highgrade silver and cobalt at our Northern Ontario mines, Oak Hill willassist in providing investors with greater visibility on ourprogress.”
Oak Hill has been engaged for a three-month period toprovide Canada Silver Cobalt with Canadian investor relations advisoryactivities. The total cost to the Company over the term of theagreement is $36,000 plus HST. The Company will also issue 100,000options to Oak Hill with a price equal to the higher of the closingprice of the Company's common shares on the day before or the day ofissuance. The agreement may be renewed or extended by the Company andOak Hill at the end of the initial term. The Agreement is subject toTSX Venture Exchange acceptance.
Oak Hill and Canada Silver Cobalt are not relatedparties and operate at arm's length. Aside from the options issued bythe Company to Oak Hill, Oak Hill does not have any additionalinterest in the Company’s securities, directly or indirectly, or anyright or intent to acquire such an interest.
About Oak Hill Financial Inc.
Oak Hill is a Toronto-based firm which developsstrategic platforms for its clients that are utilized to gain exposureand recognition to the capital markets. Oak Hill provides assetmanagement, capital market and investor relations services. Its teamhas marketed corporate issuers ranging in market cap from $10 millionto $1 billion in a variety of different sectors to the Canadian retailbrokerage channel, registered family offices and institutionalnetworks. Oak Hill’s team has extensive experience across equitycapital markets, equity research, portfolio management, institutionalequity sales and traditional investor relations – resulting intailored and highly collaborative solutions. Oak Hill is located at161 Bay Street, Suite 2460 in Toronto, Ontario.
About Canada Silver Cobalt WorksInc.
Canada Silver Cobalt Works released the first-everresource in the Gowganda Camp and greater Cobalt Camp. The Castle Property is 15 km east of Aris Gold Corp’s Jubygold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine,75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 kmsoutheast of new gold discoveries in the Timmins West area.
Canada Silver Cobalt Works released the first-everresource in the Gowganda Camp and greater Cobalt Camp in May 2020. Atotal of 7.56 million ounces of silver inInferred resources comprising very high-grade silver (8,582 grams pertonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from twosections (1A and 1B) of the Robinson Zone beginning at a verticaldepth of approximately 400 meters were identified. The discoveryremains open in all directions (mineralresources that are not mineral reserves do not have demonstratedeconomic viability) (refer to Canada SilverCobalt Works Press Release May 28, 2020) Reportreference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for CastleEast, Robinson Zone, Ontario, Canada , with aneffective date of May 28, 2020, and a signature date of July 13,2020).
Canada Silver Cobalt’s flagship Castle mine and 78sq. km Castle Property features strong exploration upside for silver,cobalt, nickel, gold and copper in the prolific past producingGowganda high-grade Silver District of Northern Ontario. Withunderground access at Castle, a pilot plant to produce cobalt-richgravity concentrates on site, a processing facility (TTL Laboratories)in the town of Cobalt, and a proprietary hydrometallurgical processknown as Re-2Ox for the creation of technical grade cobalt sulphate aswell as nickel-manganese-cobalt (NMC)formulations, Canada Silver Cobalt is strategically positioned tobecome a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-lookingstatements.
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