CLM Appoints INFOR Financial Inc. For Market Maker Services
TORONTO, July 04, 2023 (GLOBE NEWSWIRE) -- CONSOLIDATED LITHIUM METALS INC. (TSXV: CLM; OTCQB: JORF; FRA: 2JR1) (“CLM” or the “Company“) is pleased to announce that it has retained INFOR Financial Inc. (“INFOR Financial”) to provide market making services on the TSX Venture Exchange (“TSXV”), in compliance the rules and policies of the TSXV.
Under the terms of the agreement, INFOR Financial will trade the Company’s common shares on the TSXV for the purpose of maintaining an orderly market and to provide liquidity. INFOR Financial is an arm’s length party from CLM that provides broker-dealer services and principally operates out of Toronto, Canada. As consideration for its services, CLM has agreed to pay INFOR Financial $10,000 per month for an indefinite term of no less than twelve months. Either party may terminate the agreement upon thirty days' prior written notice. There are no performance factors contained in the agreement and INFOR Financial’s compensation does not include any securities of the Company. To the Company’s knowledge, as of the date of this press release, INFOR Financial and its directors and officers own, directly or indirectly, less than 1% of CLM’s shares. The engagement of INFOR Financial remains subject to approval of the TSXV.
About Consolidated Lithium Metals Inc.
Consolidated Lithium Metals Inc. (formerly known as Jourdan Resources Inc.) is a Canadian junior mining exploration company trading under the symbol “CLM” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s Quebec lithium mine.
This press release contains “forward looking information” within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the engagement of INFOR Financial as a market maker. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: receipt of necessary approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.