Trading Symbol -
NMD.V
VANCOUVER, Oct. 30,
2014 /CNW/ - Nomad Ventures Inc. ("Nomad") (TSX-V:
NMD) is pleased to announce that it has entered into an
investor relations agreement with Palisade Capital Corp. (the
"Investor Relations Agreement"). Under the Investor Relations
Agreement, Nomad has agreed to pay a monthly consulting fee of
$6,000 and will issue options to
purchase 100,000 common shares of Nomad at a price of $0.05 per share. The options are subject to the
vesting provisions and the terms and conditions of Nomad's stock
option plan and the policies of the TSX Venture Exchange. Pursuant
to the Company's non-brokered private placement announced on
October 24, 2014, Palisade has
subscribed for 1,000,000 common shares at price of $0.05 per share for gross proceeds of
$50,000.
Palisade Capital Corp., as an independent
consultant, will provide financial market consulting services to
the Company including introducing Nomad to Palisade's network of
brokers, private investors and portfolio managers. Palisade
will also be preparing corporate presentation materials, and
handling Nomad's public and media relations. Collin Kettell, the CEO and Principal of
Palisade, will be primarily responsible for providing the services
to the Company.
Palisade is a merchant-banking group
headquartered in London, UK.
Palisade offers strategic consulting services to public and private
companies looking to expand their corporate footprints and attract
new international investment.
The Investor Relations Agreement, which is
subject to the approval of the TSX Venture Exchange, is for a
period of 6 months and, at the option of Nomad, may be renewed for
an additional 6-month term. Nomad may terminate the
Investor Relations Agreement on providing 10 days written notice to
the other party.
On behalf of the Board of Directors,
"Brent Forgeron"
President/CEO
Nomad Ventures Inc.
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Nomad cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number
of material factors, many of which are beyond Nomad's control. Such
factors include, among other things: risks and uncertainties
relating to Nomad's limited operating history. Accordingly,
actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as
required under applicable securities legislation, Nomad undertakes
no obligation to publicly update or revise forward-looking
information.
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.
SOURCE Nomad Ventures Inc.