/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, May 29, 2023
/CNW/ - Quimbaya Gold Inc. (CSE: QIM) ("Quimbaya") is pleased to
announce that it has entered into an Investor Relations Agreement
(the "Agreement") with Pietro Solari
(address: Torre de las Americas
-C2909- (Punta Pacifica) Panama City, Panama; email: solari@quimbayagold.com; phone:
+1-647-576-7135) for Services (as defined below) for up to six
months, commencing June 1, 2023.
Mr. Solari shall, as appropriate, design and implement a more
flexible investor communications program, produce and disseminate
collateral and information materials to the investment community,
assist in developing interest for future financings, manage
shareholder inquiries, initiate contact with retail and
institutional brokers, participate in road shows in areas as
suited, assist in promotional activities of Quimbaya, and assist
with marketing material conceptualization (the "Services"). The
promotional activity shall occur via phone, email, and in person.
Mr. Solari does not have any prior relationship with Quimbaya.
In consideration for the Services, Quimbaya shall pay Mr. Solari
CAD$5,000.00 per month (plus
applicable taxes) and grant Mr. Solari 50,000 stock options (the
"Options") at a price of $0.35. The
Options shall vest immediately upon grant and will expire on the
date that is 2 years from the date of grant.
About Mr. Solari
Mr. Solari's first professional experience was in 1980 as
Treasurer of United Mining Corporation, an OTC listed company which
consolidated and mined the old Comstock Lode in Virginia City NV
USA. With a banking career spanning 40 years, such as with
Rothschild's, Merrill Lynch, he now spends most of his time
investing in Private Equity Deals in Financial Services,
Technology, Agroindustry, and Mining. He brings extensive
experience in capital markets having raised capital for numerous
business ventures in Latin
America.
About Quimbaya
Quimbaya aims to consolidate gold reserves through exploration
and acquisition of mining properties in Antioquia, Colombia. Managed by an experienced team in
mining sector, Quimbaya is focused on its Berrio Project in
Antioquia, in which the company owns over 1218 hectares of
prospective high-grade gold lands. Antioquia is among the most
prolific areas for gold in Colombia.
Cautionary Statements
Certain statements contained in this press release constitute
"forward-looking information" as that term is defined in applicable
Canadian securities legislation. Forward-looking information by its
nature is based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements or
information. Although Quimbaya's management believes that the
assumptions made and the expectations represented by such
information are reasonable, there can be no assurance that the
forward-looking information will prove to be accurate. Furthermore,
should one or more of the risks, uncertainties or other factors
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in
forward-looking statements or information. Except as required by
law, Quimbaya does not expect to update forward-looking statements
and information continually as conditions change.
Neither the Canadian Securities Exchange nor its regulation
services provider accepts responsibility for the adequacy or
accuracy of this release.
https://www.quimbayagold.com/
SOURCE Quimbaya Gold Inc.