Stina Appoints Skanderbeg Capital Advisors for Investor Relations
June 28, 2017
Stina Resources Ltd. (the “Company”) (CSE: SQA) (OTC: STNUF) is pleased to announce that it has retained Skanderbeg Capital Advisors Inc. (“Skanderbeg”) to provide investor relations services to the Company for an initial twelve month term.
“Stina Resources Ltd. is aggressively moving forward by retaining the services of Skanderbeg Capital, one of the premier investor relations firms in Canada,” says Stina President Brian Stecyk. “Skanderbeg will be a good fit for Stina as the Company proceeds to further explore the Bisoni McKay vanadium deposit and recently added claims in Nevada. Skanderbeg is one of Canada's premier merchant banking, advisory and corporate development firms acting for a variety of clients in the natural resources sectors.”
Vanadium is becoming an increasingly important resource as world-wide demand for the mineral is expanding because of its new use in electrical storage. Vanadium redox flow batteries predominately used for grid storage have been installed at 59 locations around the world according the US Department of Energy. “With the assistance of Skanderbeg we anticipate moving forward to developing the vanadium assets in Nevada to contribute to the rising demand.”
Carson Seabolt, principal of Skanderbeg, commented, "Skanderbeg is pleased to have the opportunity to work with Stina as this rapidly emerging market for electric metals, and specifically Vanadium, continues to develop. The resource industry is becoming increasingly focused on this strategic metal as a result of this unprecedented battery storage revolution that utilizes the Vanadium Redox battery technology. Stina is a first mover in this sector and we at Skanderbeg believe the Bisoni McKay property in central Nevada to be a tier one Vanadium asset.
Mario Vetro, Principal of Skanderbeg, commented: “Skanderbeg looks forward to supporting Stina Resources in a corporate development and capital markets capacity as it endeavors to become an industry leader in a rapidly emerging sector that can provide investors exposure to this underserved commodity and provide those investors leverage that is not only scarce, but scarcely found within a publicly listed vehicle.”
In consideration for providing the services, Skanderbeg will receive a monthly fee of $5,000, and will be granted 1,000,000 warrants exercisable at a price of $0.155 for period of twenty-four months. The engagement of Skanderbeg remains subject to the approval of the Canadian Securities Exchange.