Stronghold Metals Inc. (CVE:Z) (PINK:SDMTF) stock price didn’t react to the most recent news but the story was picked up by a promotional website, leading to a small chance of a more active price action.
The stock got promoted today through a newsletter published by SmallCapVoice.com. The company revealed no compensation for this coverage though, thus traders should not expect a magical increase in trading activity.
The company had a new announcement on Tuesday, November 15 which induced no particular price reaction either. The newsletter simply restated the news and had no further analysis.
According to the original publication the company clarified that First Canadian Capital Corp. has made an agreement with Stronghold to provide marketing and investor relations services for one year.
As in most cases, the interesting part of these agreements is the compensation. Stronghold granted First Canadian 350 options and will continue to pay $6 thousand per month. These options provide an opportunity to acquire 150 thousand shares at 34 cents, 80 thousand at 45 cents and 120 thousand at 60 cents per share.
For shareholders this calculates to a small rate of dilution of 0.6%.
Officially, the company has done it to advertise their progress on Eagle Mountain Project in Guyana and in hopes to attract interested investors.
