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 nontransferable 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.