Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce that the Company has entered into a marketing and media services agreement dated January 2, 2025 (the “Agreement”) with New Era Publishing Inc., of Vancouver, British Columbia (“New Era”). Under the agreement, New Era will provide marketing and media distribution services for an initial term of three (3) months beginning January 2, 2025.
An initial fee of USD$100,000 is payable upon execution of the Agreement, with an additional USD$150,000 upon completion of the initial term. Thereafter, the Agreement can be continued from month to month, taking into account mutually agreed additional expenses. New Era will design and implement an investor advertising and awareness campaign utilizing online platforms and physical marketing strategies, including direct mail distribution to targeted audiences.
The Company will not issue any securities to New Era as compensation for its services. To the best of the Company’s knowledge, as of the date hereof, New Era (including its directors and officers) does not own any securities of the Company and is independent of Trident. The agreement is subject to approval by the TSX Venture Exchange.
Stock incentive grants:
Further, the Company has granted a total of 2,980,000 restricted share units (“RSUs”) to directors, officers, consultants and employees of the Company. The RSUs vest over a two-year period and are subject to the terms of the Company’s new Equity Incentive Plan (the “Plan”), which has been approved by the Company’s board of directors. The RSUs will be issued under the Plan and each vesting RSU will entitle the holder to receive one (1) common share or an amount of cash equal to the equivalent of one (1) common share.
The RSUs are subject to the approval of the Company’s shareholders at the next annual general meeting, in accordance with the policies of the TSX Venture Exchange, which will be required to ratify and approve the Plan, which allows the Company to grant stock options up to 10% of the then issued and outstanding shares of the Company, calculated as of the date of grant, and performance-based awards of up to 3,260,180, being 10% of the issued and outstanding outstanding shares on the date of approval of the Plan. the Plan. If the plan is not approved by the shareholders at the next annual general meeting, the RSUs will be immediately withdrawn. The Company will make a recommendation in favor of the approval of the Plan.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced gold and copper exploration projects in Saskatchewan, Canada. The company is advancing its 100% owned Contact Lake and Greywacke Lake projects, which host significant historic gold resources in the prospective and underdeveloped La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project, which contains a historic copper resource.
For more information about Trident Resources Corp. (TSX-V: ROCK), visit the company’s website at www.tridentresourcescorp.com
Trident Resources Corp.
Jonathan Wiesblatt, Managing Director
E-mail: Jon.Wiesblatt@tridentresourcescorp.com
For more information please contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Business Communications
Trident Resources Corp.
Phone: 647-309-5130
Toll-free: 800-567-8181
Fax: 604-687-3119
E-mail: info@tridentresourcescorp.com
NEITHER THE TSXV NOR ITS REGULATORY SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward-looking information and statements
This press release contains “forward-looking information or statements” within the meaning of applicable securities laws, including, without limitation, statements relating to the approval of the Plan by shareholders and TSX Venture Exchange, the approval by TSX Venture Exchange of the New Era Agreement, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this press release, other than statements of historical fact, that relate to events or developments that the Company expects to occur are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding the company’s current and future business strategies and the environment in which it will operate in the future, including the price of metals, its ability to achieve its objectives, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when necessary and on reasonable terms. Such forward-looking information reflects the Company’s views regarding future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, the continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, equipment failures, failure to obtain or maintain all necessary governmental permits, approvals and authorizations, decline in the price of gold, copper and other metals, the impact of viruses and diseases on the company’s ability to operate, the inability to obtain or maintain community acceptance (including First Nations), cost increases, lawsuits and failures. of counterparties to fulfill their contractual obligations. The Company does not undertake to update any forward-looking statements or forward-looking information, except as required by law.
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