Vancouver, British Columbia / January 28, 2019 / NRG Metals Inc. (“NRG” or the “Company”) (TSXV: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to announce that it has entered into two consulting agreements and has closed a non-brokered private placement issuing a total of 3,750,000 units at $0.08 per unit for aggregate gross proceeds of $300,000. Each unit consists of one common share of the Company and one transferable common share purchase warrant exercisable at $0.16 per common share for a period of two years.
The Company has entered into consulting agreements with Market IQ Media Group Incorporated (Market IQ) and Axe Communications Inc. (Axe). Each of Market IQ and Axe were retained to provide digital marketing primarily using Google ads, digital media, corporate advisory, branding and strategic business services to the Company over a four-month period for consideration of $225,000 to Market IQ and $75,000 to Axe. The Company prepaid the total amount of $300,000 to these two entities using cash on hand. Market IQ is located in Vancouver, BC, and owned by Brady Middleditch. Axe is located in Vancouver, BC, and owned by Chris Jackson.
Subsequent to the entry into the consulting agreements, Market IQ and Axe subscribed for 3,750,000 units of the Company in the previously announced private placement for total subscription amount of $300,000. The Company has received full payment for the private placement units from these two entities by cheque.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F. C. Hobkirk,
President and C.E.O.
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This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. We seek safe harbor.