MONTREAL, QUEBEC -- (Marketwired) -- 10/28/13 -- Freyja Resources Inc. (TSX VENTURE: FRA) ("Freyja" or the "Corporation") is pleased to announce that, subject to the receipt of TSX Venture Exchange Approval, it has engaged CHF Investor Relations ("CHF"), a Canadian investor relations firm located in Toronto, as an investor/media relations partner and market-maker.
Pursuant to a services agreement, the Corporation has retained CHF to provide investor/media relations and market-making services for a twelve-month term. The agreement may be terminated by either party upon the provision of thirty (30) days written notice. Pursuant to the agreement, CHF will receive a monthly fee of $2,500, additional fees for ad-hoc projects, and reimbursement of relevant disbursements. CHF has been granted 200,000 options to purchase common shares in the capital of Freyja at an exercise price of $0.215 per share for a period of five (5) years (the "Options"). Pursuant to a stock option agreement entered into between Freyja and CHF, 25% of the Options will vest on the dates that are three, six, nine and twelve months from the date of issuance. In the event CHF's services are terminated, all of the outstanding Options will be cancelled after 30 days.
The market-making activity will be conducted using a registered broker in compliance with Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual (the "Manual"), IIROC's Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in Freyja shares are made to manage share price volatility and imbalances of orders in order to improve trading liquidity on the TSX Venture Exchange. In accordance with Policy 3.4, Section 2.8 of the Manual that states that "an Issuer may not use its own funds, or provide direct or indirect compensation to other parties to undertake a market-making function in its securities," the Corporation and CHF confirm that capital for the purposes of market-making has not and will not be provided from the Corporation.
Prior to the grant of the Options outlined above, CHF had no direct or indirect interest in the Corporation or its securities.
About CHF Investor Relations
CHF's capital market experience dates back to the late 1970s. Under the same management for 20 years, CHF was the first Canadian IR consulting firm to provide market-making services to its emerging and small-cap clients alongside all the IR activities that the large-cap companies are able to handle in-house. CHF serves an international portfolio of CNSX, TSX Toronto Stock Exchange and TSX Venture Exchange listed companies, and others that may seek to list on Canadian and U.S. Exchanges that operate in a broad range of industries including mineral resource exploration and development, mining production, oil & gas, high-tech, biotech, industrial products and services, business products and services, special situations and niche consumer products.
Neither TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
The securities of Freyja have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Freyja will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Freyja.
Contacts:
Freyja Resources Inc.
Alain Lambert
Chairman of the Board
(514) 219-7988
CHF Investor Relations
Cathy Hume
CEO
+1 416 868 1079 ext. 231
cathy@chfir.com
