Vancouver, British Columbia--(Newsfile Corp. - April 21, 2023) - Hertz Lithium Inc. (CSE: HZ) (the "Company") is pleased to announce that it has granted an aggregate of 750,000 stock options (the "Options") to consultants and a director and officer of the Company to purchase 750,000 common shares (the "Shares") in the capital of the Company pursuant to the Company's stock option plan. The Options, which vest immediately, are exercisable at an exercise price of $0.19 per Share for a period of two (2) years from the date of grant.
The Company has also entered into a services agreement dated March 24, 2023 (the "Services Agreement") with IR PUB LLC ("PUB"). Pursuant to the terms and conditions of the Services Agreement, PUB has agreed to assist the Company with an awareness campaign and to provide the Company with advertising and marketing services including, but not limited to, the following: (i) email marketing; (ii) financial newsletter traffic; (iii) social media; (iv) articles; and (v) video interviews. PUB will provide its services for a period of approximately 90 days, which began on or around April 10, 2023, and will continue until approximately July 10, 2023. In accordance with the terms and conditions of the Services Agreement, and as consideration for the services provided by PUB, the Company has agreed to pay PUB a cash fee of USD$50,000. PUB and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities,nor do they have any right or intent to acquire such an interest. PUB's business is located in Ponte Vedra Beach, its email contact is paulr@irpub.com, and its phone number is Tel:386.868.0616.
About Hertz Lithium Inc.
Hertz Lithium Inc. is a British Columbia based mineral exploration company primarily engaged in the acquisition and exploration of mineral properties. The Company currently has one material mineral property, the Lucky Mica Project, located in the Arizona pegmatite belt, which is in the exploration stage.
For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedar.com.
On Behalf Of the Board of Directors
Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person or any person in the United States, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. "United States" and "U.S. Person" are as defined in Regulation S under the U.S. Securities Act.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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