September 24, 2021
Vulcan Minerals Inc. Hires Doug McKay and Associates to Provide Investor Relation Services
St. John’s, Newfoundland and Labrador – Vulcan Minerals Inc. (“the Company” – “Vulcan” TSX-V: VUL), has entered into an agreement with Doug McKay and Associates (“DMA”), pursuant to which DMA will provide investor relations services to the Company.
DMA is a British Columbia based (established 2007) full-service investor relations and consulting services firm focused on the junior mining sector. Under the terms of the engagement, the company will pay DMA a fee of $6,500 per month for an initial six-month term and has granted DMA stock options to purchase up to an aggregate of 250,000 common shares at a price of $0.25 cents per share until Sept 20, 2022. The options are in accordance with Vulcan’s stock option plan. The agreement, grant of options and quarterly vesting periods are subject to the approval of the TSX Venture Exchange.
Mr. Patrick Laracy, Vulcan President and CEO, commented: “Newfoundland is experiencing an unprecedented level of mineral exploration driven by new discoveries, developments and underexplored prospective geology for a wide variety of minerals. As a Newfoundland based explorer, we look forward to working with DMA, a leading Canadian investor relations firm, to inform existing shareholders and potential new investors about our exploration and development activities.”
Doug McKay, of DMA, stated: “Vulcan is a leading Newfoundland exploration company exploring very prospective properties with key projects acquired prior to the recent land rush in Newfoundland. As well, Vulcan presents a unique opportunity in the exploration space with its controlling share ownership of Atlas Salt Inc. which is developing a salt mine in western Newfoundland. We are excited to be part of Vulcan team.”
Vulcan Minerals is a precious and base metals exploration company based in St. John’s Newfoundland. The company has a strategic land position in three active Newfoundland gold exploration and development belts. It also holds approximately 38 % of the common shares in Atlas Salt Inc. (TSXV: SALT). Atlas Salt Inc. is the new name for Red Moon Resources Inc. which commenced trading under the new stock symbol SALT on September 01. Atlas Salt also produces gypsum from its Ace Mine and owns the mineral rights to the Fischell’s Brook salt dome and other strategic salt claims. All of Atlas’s projects are located in western Newfoundland.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.
For information please contact:
Patrick J. Laracy, P.Geo.