BLILF - Bearing Announces Notice of Hearing
(TheNewswire)
Vancouver, BritishColumbia – TheNewswire - September 29, 2021 - Bearing Lithium Corp. (“ Bearing ” or the “ Company ”) (TSXV:BRZ) (OTC:BLILF) announces that theCompany and Jeremy Poirier, the Company’s former CEO and a director of the Company have been issued a Notice of Hearing from the BritishColumbia Securities Commission (the “ BCSC ”) datedSeptember 24, 2021, alleging Stock Social Inc. (“ SSI ”), a serviceprovider engaged by the Company from the periods of January 2017 toMarch 2017, disseminated advertorials about the Company on variouswebsites, promotional posts and social media (collectively, the“ PromotionalMaterials ”). The BCSC is alleging that SSI andthe Company failed to ensure that the Promotional Materials clearlyand conspicuously disclosed that they were disseminated on behalf ofthe Company. None of the allegations have been proven.
The Hearing is scheduled to take place on November 10,2021 at 9:00 am. The Notice of Hearing can be viewed on the BCSC’swebsite (www.bcsc.bc.ca) by typing in 2021 BCSECCOM 376 in the searchbox.
About Bearing Lithium Corp.
Bearing Lithium Corp. is a lithium-focused mineralexploration and development company. Its primary asset is a 17.14%interest in the Maricunga Lithium Brine Project in Chile. TheMaricunga Project represents one of the highest-grade lithium brinesalars globally and the only pre-production project in Chile. Over million has been invested in the Maricunga Project to date.
ON BEHALF OF THE BOARD
Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Cautionary Statements RegardingForward Looking Information
This press release includes certain"forward-looking information” and "forward-lookingstatements” (collectively "forward-looking statements”)within the meaning of applicable Canadian and United States securitieslegislation including the United States Private Securities LitigationReform Act of 1995. All statements, other than statements ofhistorical fact, included herein, without limitation, statementsrelating the future operating or financial performance of the Company,are forward-looking statements.
Forward-looking statements arefrequently, but not always, identified by words such as"expects”, "anticipates”, "believes”,"intends”, "estimates”, "potential”,"possible”, and similar expressions, or statements that events,conditions, or results "will”, "may”, "could”, or"should” occur or be achieved. Actual future results may differmaterially. There can be no assurance that such statements will proveto be accurate, and actual results and future events could differmaterially from those anticipated in such statements. Forward-lookingstatements reflect the beliefs, opinions and projections on the datethe statements are made and are based upon a number of assumptions and estimates that, whileconsidered reasonable by the Company, are inherently subject tosignificant business, economic, competitive, political and socialuncertainties and contingencies. Many factors, both known and unknown,could cause actual results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements and the parties have made assumptions and estimates basedon or related to many of these factors. Readers should not place unduereliance on the forward-looking statements and information containedin this news release concerning these times. Except as required bylaw, the Company does not assume any obligation to update theforward-looking statements of beliefs, opinions, projections, or otherfactors, should they change, except as required by law.
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