BRZ:CC - BEARING LITHIUM CORP. Announces Settlement Agreement
(TheNewswire)
Vancouver, British Columbia – TheNewswire - August 5 , 2022 - (TSXV:BRZ) Bearing Lithium Corp. (the" Company " or" Bearing ") reports that further to the September 29,2021 news release announcing theNotice of Hearing, the Company is reporting that it has enteredinto a Settlement Agreement with the British Columbia SecuritiesCommission (the “BCSC”).
Pursuant to the Settlement Agreement, Bearing (then known as BearingResources Ltd.) admits that it retained Stock Social Inc.("SSI"), a marketing company, to conduct investor relationsand that SSI disseminated advertorials and social media posts aboutBearing (collectively, the “Promotional Materials”) during theperiod of January 2017 to February 2017 and failed to ensure suchPromotional Materials disclosed they were issued on behalf of Bearing,which is a contravention of section 52(2) of the Securities Act(British Columbia) (the "Act"). Jeremy Poirier, who was theChief Executive Officer and a director of Bearing at such time, alsoentered into a Settlement Agreement with the BCSC and admits that heauthorized, permitted or acquiesced in Bearing's contravention ofsection 52(2) of the Act and therefore contravened the same provision.Bearing has paid the BCSC $25,000 in settlement of the matter and Mr.Poirier paid the BCSC $10,000 in settlement of the matter.
The Settlement Agreement can be viewed on the BCSC’s website(www.bcsc.bc.ca) by typing in 2022 BCSECCOM 293 in the search box.
For more information, please visit www.bearinglithium.com and www.sedar.com .
For more Information, please contact:
Ray Baterina
Corporate Secretary
604-262-8835
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