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Nubian Resources appoints Frankfurt-based corporate advisor

Published: 17:16 21 Jun 2018 EDT

Nubian Resources appoints new Frankfurt-based corporate advisor
The company's Esquilache silver-lead-zinc mine is located in southern Peru

Canadian miner Nubian Resources Ltd (CVE:NBR) announced today it has engaged Small Cap Invest Ltd (SCI), a Frankfurt-based business development and corporate advisory firm.

The company said SCI has extensive experience and a strong record of success working with promising growth companies in increasing their visibility and access to capital through SCI's extensive network of experienced partners and investors, primarily in Europe. Alex Friedrich is the president and chief executive officer of SCI.

"I am extremely pleased to be working alongside SCI and Alexander Friedrich. His extensive network within the European resource investor community will provide further exposure for Nubian," said Martin Walter, CEO of Nubian.

"SCI's track record simply increases my confidence that we will be successful with this objective."

READ: Nubian Resources unveils new private placement to fund the acquisition of its Esquilache silver-lead-zinc mine

The SCI team has a background in the European financial community and provides support in stock listing, road and trade shows, securing public funding, private financing and mergers and acquisitions.

According to the agreement, the company has granted SCI 100,000 incentive stock options to purchase up to 100,000 common shares of the company at C$0.40 per share, exercisable for a period of two years.

The options are subject to vesting provisions and 25% of the options granted will vest in each quarter over 12 months. 

Shares of Nubian were down 7.69% at C$0.24 on Thursday.