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Sierra Metals (TSX.V: SMT)

Discussion in 'Canadian Stocks' started by SmartStocks, Jun 17, 2013.

  1. SmartStocks

    SmartStocks New Member

    Nov 5, 2012
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    Sierra Metals Announces AGM Highlights And Engagement Of First Canadian Capital To Provide IR Services

    Source: bit.ly/ZXQhv5

    Vancouver, British Columbia - June 17, 2013 - Sierra Metals Inc. (TSXV: SMT) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian") as a consultant to provide consulting and investor relations services.

    First Canadian will introduce the Company to private investors, analysts, brokers, money managers and other financial professionals, and will generate market awareness for the projects, business and affairs of the Company.

    Under the terms of the consulting agreement with First Canadian (the “Agreement”), Sierra Metals will pay First Canadian $7,000 per month for a twelve month initial term (with a right of termination by either party after six months) and grant 200,000 stock options at an exercise price of $2.50 per share, with vesting in accordance with the Agreement, the TSX Venture Exchange (the “TSXV”) policies and the Company's stock option plan. The stock options will expire and terminate upon the earlier of: (i) 15 months from the date of the execution of the Agreement; and (ii) 30 days after First Canadian ceases to provide any and all services set forth in the Agreement. The Agreement and related stock option issuance remain subject to the approval of the TSXV.

    AGM Highlights

    At the Annual and Special Meeting of Sierra Metals’ shareholders held on May 29, 2013 in Lima, Peru, all of the resolutions tabled were overwhelmingly approved by shareholders, including the re-election of J. Alberto Arias, Douglas F. Cater, Steven G. Dean, John S. Donnelly, Guillermo Kaelin, Philip Renaud and Daniel Tellechea as directors.

    Included in the special resolutions approved at the meeting was an amendment of the Company’s articles to change the province in which the registered office of the Company is to be situated from the Province of Ontario to the Province of British Columbia. A reduction of the legal stated capital account in respect of the common shares of the Company was also approved by the shareholders.

    About First Canadian Capital Corp

    Based in Toronto and in the investor relations business for fifteen years, First Canadian has assisted numerous, small-cap and mid-tier corporations in gaining exposure and recognition within the global investment community. First Canadian’s core competencies are found in identifying quality assets and undervalued companies with high growth potential and providing effective investor relations and market awareness services to these companies. First Canadian is proud to have had two clients win the PDAC Prospector of the Year Award.

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