Majuba Hill Copper Corp (CSE:JUBA) said it has added Hugo M. Kotar, co-founder of International Battery Metals (CSE:IBAT) Ltd - formerly Rheingold Resources - to its senior advisory board to advise the company on deal structuring, mergers and acquisitions, and strategic partnerships.
The company also said it has engaged LFG Equities Corp. for digital media services through social media channels and on-line media placements for a six-month term. As part of the engagement, the Toronto-based company will be paid up to $300,000.
Furthermore, the company said it has issued 785,000 stock options at a price of 25.5 cents valid for a one-year term.
Majuba Hill chief executive officer and director David Greenway said in a statement: "We welcome Mr Kotar to Majuba's senior advisory board. We look forward to working with Mr Kotar at this exciting time for our growing copper company."
READ: Majuba Hill Copper says 2022 soil sample results increase target size at its flagship porphyry copper project in Nevada
Kotar is the managing partner of KP Capital and Quartier Minerals Corp. and has 23 years of capital markets experience. He is a former vice-president of Canaccord and PI Financial and has raised over $25 million for growth companies, including as co-founder and investor of International Battery Metals (CSE:IBAT), a $350 million market cap lithium explorer and technology company.
Kotar was also most recently appointed as vice-president of corporate development at Infinity Stone Ventures Corp (CSE:GEMS). and director of corporate finance of battery metals company METL Mining Ltd. He earned a BA in economics from McGill University.
Majuba Hill
Majuba Hill is engaged in the identification, review and acquisition of latter-stage copper and copper-silver-gold assets, in direct response to the growing worldwide demand and lack of supply for precious metals fuelled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change.
The company's flagship project is the Majuba Hill copper, silver and gold district, located 156 miles outside Reno, Nevada.
Contact the author at jon.hopkins@proactiveinvestors.com