NEWS ROUNDUP — Chase hires a fiscal agent

A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE).

Under the terms of the agreement, First Marathon will act as fiscal agent and financial adviser to the company for one year. First Marathon will also sponsor Chase’s efforts to list on the TSE as well as assist with the arrangement of financings, joint ventures, mergers, takeovers and other matters.

Consideration for the service includes a basic fee of $25,000 and 5,000 shares per month, a commission of 1.5-2% on any financings or joint ventures arranged, plus the reimbursement of general expenses.