TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) — Halcones Precious Metals Corp. (TSXV: HPM) (the “Company” or “Halcones”) has entered into a services agreement (the “Agreement”) with Red Cloud Financial Services Inc. (“RCFS”) as part of the Company’s strategy to improve trading liquidity and increase general market awareness of the Company.
Pursuant to the Agreement, RCFS has agreed to provide certain promotional services to the Corporation in accordance with Policy 3.4 – Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange. RCFS’ engagement is for an initial term of six months (the “Initial Term”). Following the Initial Term, the Agreement automatically renews on a month-to-month basis and may be terminated by either party upon one month’s written notice. For the Initial Term and any subsequent extension, if applicable, the Company shall pay RCFS a fee of $10,000 per month. RCFS provides promotional services on behalf of Halcones across Canada. Through RCFS’ engagement, the Company hopes to promote awareness of the Company and its activities.
There are no performance factors contained in the Agreement and RCFS will not receive Halcones common shares or options as compensation. Further, RCFS and the Company are unrelated and unaffiliated entities and, at the time of the Agreement, neither RCFS nor any of its principals have an interest, directly or indirectly, in the securities of the Company.
Halcones Precious Metals Corp. is focused on exploring for and developing gold-silver projects in the Maricunga Belt, Chile, the premiere gold mining district in South America. The Company has a team with a strong background of exploration success in the region.
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Cautionary Note Regarding Forward-looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, regarding the Agreement, RCFS and its services and the Company’s future plans. 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 state 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 Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Halcones 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. Halcones 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.