Usha Resources Engages James Berard for IR Services and Grants Incentive Stock Options
Updated: Feb 7
Vancouver, British Columbia / December 3, 2020 – Usha Resources Ltd. (“USHA” or the “Company”) (TSXV: USHA) (OTCQB: USHAF) is pleased to announce that it has entered into an investor relations consulting agreement (the “Agreement”) with Mr. James Berard of Vancouver, British Columbia to assist in expanding USHA’s visibility through marketing endeavours directed towards new and existing shareholders and investors. Mr. Berard is at arm's length to the Company and does not have any direct or indirect material interest in the Company or its securities, other than the stock options (the “Options”) as described below.
"We would like to welcome James Berard to the USHA team," said Deepak Varshney, CEO. "We have been fortunate to generate a lot of interest in our young Company and James will be integral to our shareholder communications and investor awareness campaigns, particularly now that we are also trading in the United States on the OTCQB."
Mr. Berard has worked as an investor relations consultant and/or employee for approximately 17 years with various public companies in Canada and the United States, including 3 years with Marketsmart Communications (marketsmart.ca) and Kcrew Communications, focusing on small cap companies trading on North American stock exchanges. Throughout his career, he has successfully implemented investor awareness campaigns, deployed effective corporate communications strategies, and played a strategic role in numerous financings.
The Agreement is for a term of six-months commencing on December 2, 2020 and may be terminated at any time without charge by either party by giving 30 days' notice. Pursuant to the Agreement, Mr. Berard will be paid a monthly fee of $4,000 and will be granted Options to acquire up to 100,000 common shares of the Company at a price of $0.25 per common share for a period of 2 years with ½ of the Options vesting upon successful completion of each three-month period of the Agreement.
In his role at USHA, Mr. Berard will serve as the principal point of contact for the investment community, and will be responsible for establishing and maintaining relationships with key, new, and existing investors as well as developing the Company's strategic investor relations plan.
"I am very excited to join the USHA team at such a pivotal time in their growth,” commented James Berard. "I look forward to interacting with the investment community and communicating our growth strategy moving forward."
About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Northwest Ontario, Canada and the Lost Basin Gold Mining District in Mohave County, Arizona, U.S.A. Usha increases shareholder value through the acquisition and exploration of quality precious and base metal properties and the application of advanced state-of-the-art exploration methods. Usha's portfolio of strategic properties provides diversification and mitigates investment risk.
USHA RESOURCES LTD.
“Deepak Varshney” CEO and Director
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This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.