VANCOUVER, BC, April 11,
2023 /CNW/ - Barsele Minerals Corp. (TSXV:
BME) (the "Company" or "Barsele") is pleased to
announce that it has engaged Outside The Box Capital Inc.
("Outside The Box Capital") for the provision of marketing
and investor relations services, including but not limited to,
planning social media content, working with the Company to
establish an ambassador for the Barsele Project, assisting the
Company with its various social media channels, increasing investor
awareness in new communities and producing feature content of the
Company on its and other entities' media channels (collectively,
the "Services").
The engagement of Outside The Box Capital is for an initial term
of six months and if the engagement is not terminated during the
initial term, the engagement will automatically continue for an
additional six months. The anticipated total costs to the Company
during each six-month term is $100,000 plus reasonable expenses actually and
properly incurred by Outside The Box Capital in its provision of
the Services. In addition, the Company has issued Outside The Box
Capital 575,000 options (the "Options") to purchase common
shares of Barsele (the "Common Shares"). The Options vest in
equal quarterly installments over 12 months and each Option is
exercisable for one Common Share at a price of $0.35 for a period of two years.
Outside The Box Capital has no direct relationship with the
Company other than as set out in this release. The engagement
of Outside The Box Capital remains subject to TSX Venture
Exchange approval.
About Barsele Minerals
Corp.
Barsele is a Canadian-based junior exploration company managed
by the Belcarra Group, comprised of highly qualified mining
professionals. Barsele's main property is the Barsele Gold Project
in Västerbottens Län, Sweden, a
joint venture with Agnico Eagle. An updated NI 43-101 Technical
Report on the Barsele Project with an effective date of
February 21, 2019, was filed on SEDAR
on April 2, 2019. This NI 34-101
Technical Report and Mineral Reserve Estimate (Amended) for the
Barsele Property was modified and filed on SEDAR on December 16, 2020.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
This news release may contain forward-looking statements,
including, but not limited to, statements with respect to the
receipt of TSX Venture Exchange approval of the Company's
engagement of Outside The Box Capital. These statements reflect
management's current estimates, beliefs, intentions and
expectations; they are not guarantees of future performance.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Such factors
include, among other things: risks and uncertainties relating to
exploration and development, the ability of the Company to obtain
additional financing, the need to comply with environmental and
governmental regulations, fluctuations in the prices of
commodities, operating hazards and risks, competition and other
risks and uncertainties, including those described in the Company's
financial statements and management discussion and analysis
("MD&A") available on www.sedar.com. The risk factors
identified in the financial statements and MD&A are not
intended to represent a complete list of factors that could affect
the Company. Actual results may differ materially from those
currently anticipated in such statements and the Company undertakes
no obligation to update such statements, except as required by
law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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SOURCE Barsele Minerals Corp.
