Algernon Pharmaceuticals Inc (AGNPF)

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JMO — Something to maybe wonder

The Form 10 that $AGN on CSE

$130,000 Pd to promote or handle Investor Relations @ $AGNPF, “consulting agreement, effective August 22, 2022 with GRA Enterprises LLC.”

https://webfiles.thecse.com/CSE_Form_10_-_Notice_of_Proposed_Transaction_38.pdf?DlTi8pWjdTiZsRePPFSCcgGwckBOuUky

Then looking him up from another he did the same, bought into the Placements then Pd $250K there and only cost $130K of $AGNPF money on the Placement but pushed him to grater than 10% hold $AGNPF

Here’s from another that did the same

Termination of IR Agreements The Company also announces that further to its news release dated June 28, 2021, it has terminated its agreement (the "GRA Agreement") for the provision of marketing services with GRA Enterprises LLC ("GRA Enterprises"), effective immediately. GRA Enterprises had been introduced to Altaley by its Mexican funder, Accendo Banco, and Mr. Adams visited at the Company's Tahuehueto Project during March 2021. Under the GRA Agreement GRA Enterprises was to have provided marketing services, however, Mr. Adams and GRA Enterprises' subsequent actions on behalf of GRA Enterprises ended up being investor relations activities that verged outside of the agreed terms of the GRA Agreement.

GRA Enterprises is an entity controlled by Gerard Adams ("Mr. Adams"). Pursuant to a private placement that the Company closed on March 29, 2021, Mr. Adams subscribed for 1,250,000 common shares in the capital of the Company at an issue price of $0.20 per share, or $250,000 in the aggregate (the "Subscription Price"). Mr. Adams paid the Subscription Price to the Company on March 23, 2021.

Under the GRA Agreement, which was made April 1, 2021, the Company paid to GRA Enterprises an upfront fee of USD$100,000 (the "Upfront Fee"). The Company paid the Upfront Fee on April 5, 2021 for services to be provided by GRA Enterprises over a one-year period.

The Company terminated the GRA Agreement as it was unable to receive the approval of the TSX Venture Exchange ("TSXV") due to the payment of the Upfront Fee and Mr. Adams' participation in the Company's March 2021 private placement. The Company has requested reimbursement of USD$37,500 from GRA Enterprises reflecting the pro-rated amount for services for the remaining term of the agreement after the date of termination.