CoTec Holdings Corp. Engages Torrey Hills Capital

VANCOUVER, BC / ACCESSWIRE / August 1, 2024 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) has engaged San Diego Torrey Hills Capital, Inc., a firm based in Rancho Santa Fe, California, for market awareness and investor relations services, pending TSX Venture Exchange approval. Cliff Mastricola, Torrey Hills' principal, will lead the activities.

Torrey Hills, known for its expertise in small and microcap companies, will enhance CoTec's market presence through its established network of investment professionals. This collaboration aims to strengthen CoTec's investor base in both the U.S. and Canadian markets.

The agreement sets Torrey Hills' engagement fee at US$5,000 per month for an initial six-month term, with automatic extensions subject to a 30-day termination notice. Additionally, CoTec will grant 150,000 incentive stock options, exercisable at C$0.50 per share for three years, under the terms of its stock option plan and TSX regulations.

At present, Torrey Hills holds no direct or indirect interests in CoTec's securities, except through the potential exercise of the granted options. The engagement remains subject to regulatory approval from the TSX Venture Exchange.