SRG - Falcon Announces Engagement of Market Maker and Change of Chief Financial Officer
(TheNewswire)
Abu Dhabi, United Arab Emirates, July9, 2024 – TheNewswire – Falcon Energy Materials plc (TSX-V: SRG) (“ Falcon ” or the “ Company ”) ispleased to announce that it has retained DS Market Solutions Inc.(“ DS Market ”) to provide equity trading advisory and liquidity provider services inaccordance with the TSX Venture Exchange (“ TSXV ”)policies and subject to the approval of theTSXV.
DS Market will trade the securities of the Company onthe TSXV for the purpose of maintaining an orderly market. Inconsideration of the services provided by DS Market, the Company willpay DS Market a monthly fee of $5,000 from the Company's availablecash for a minimum term of one month and renewable for successiveone-month terms thereafter. Either Party may terminate the arrangementby providing written notice to that effect 30 days prior to the end ofthe then current term. The services provided by DS Market commencedon July 2, 2024.
The Company and DS Market are unrelated andunaffiliated entities and DS Market has no interest, directly orindirectly in the Company or its securities. DS Market will notreceive shares or options as compensation, nor have they indicated anyimmediate intent to acquire shares of the Company through the openmarket or otherwise. The capital used for market making will beprovided by DS Market.
In addition, the Company announces that a new ChiefFinancial Officer (“CFO”) has been appointed, following theCompany’s Redomiciliation to the Abu Dhabi Global Market. Effectivetoday, Ugo Landry-Tolszczuk has resigned as the Company’s CFO, andJean-Daniel Joly has been appointed as his successor. The Companywould like to thank Mr. Landry-Tolszczuk for his services to theCompany. Mr. Joly is a Chartered Professional Accountant (“CPA”)and has been acting as VP Finance for Falcon since 2022.
About DS Market
DS Market is an equity trading advisor to issuerslooking to enhance liquidity in their public traded securities. DSMarket was incorporated in Mississauga, Ontario in April 2024 and theoffices of DS Market are located in Mississauga, Ontario. Mr. DavidSears is the sole owner of DS Market and will be providing theservices on behalf of DS Market. DS Market’s contact is davidsears@dsmarketsolutions.com .
About Falcon
Falcon is focused on developing the Lola GraphiteProject located in the Republic of Guinea, West Africa. The LolaGraphite Project has Proven and Probable Reserves of 42Mt at a gradeof 4.2% Cg. Falcon aims to develop a fully integrated source ofbattery anode material to supply the European lithium-ion and fuelcell markets. With attractive operating costs, proximity to Europeanend-markets and strong ESG credentials, the Company is poised tobecome a reliable supplier while promoting sustainability and supplychain transparency. Falcon is committed togenerating sustainable, long-term benefits that are shared with thehost countries and communities where it operates.
For additional information, please visit Falcon’swebsite at www.falconem. net .
Contact:
Matthieu Bos Matt Johnston
President & CEO Corporate DevelopmentAdvisor
Email: m.bos@falconem.net Email: m.johnston@falconem.net
Neither the TSXV nor its RegulationServices Provider (as that term is defined in the policies of theTSXV) accepts responsibility for the adequacy or accuracy of thisrelease.
This press releasecontains forward-looking information or forward-looking statementswithin the meaning of applicable securities laws. Generally, suchforward-looking information can be identified by the use offorward-looking terminology such as “advance”, “provide”,“interest”, “anticipated”, “progress”, “result”,“confirm”, “target”, “increase”, “expect”,“scheduled”, “enable”, “projected”, “drive”,“aim”, “realise”, “growth”, “goals”, “continue”,“advance”, “potential”, “will”, “demonstrate”,“deliver”, “believe”, or variations of such words and phrasesor state that certain actions, events or results “may”,“could”, “would” or “might”. Forward-looking statementsare included to provide information about management’s currentexpectations and plans that allows investors and others to have abetter understanding of the Company’s business plans and financialperformance and condition.
All statements, other than statements of historicalfact included in this press release, regarding the Company’sstrategy, future operations, prospects, plans and objectives ofmanagement are forward-looking statements.
Forward-looking information and forward-lookingstatements are based upon certain assumptions and other importantfactors that, if untrue, could cause the actual results, performanceor achievements of the Company to be materially different from futureresults, performance or achievements expressed or implied by suchinformation or statements. There can be no assurance that suchinformation or statements will prove to be accurate. Key assumptionsupon which the Company’s forward-looking information andforward-looking statements are based include the Company’sexpectation that it will be able to obtain final approval of the TSXVin respect of the UAE Redomiciliation and the Name Change and that itwill benefit from the UAE Redomiciliation and the Name Change in theways set forth herein.
Readers are cautioned that the foregoing list is notexhaustive of all factors and assumptions which may have been used.Forward-looking information and forward-looking statements are alsosubject to risks and uncertainties facing the Company’s business,any of which could have a material adverse effect on the Company’sbusiness. Readers are directed to carefully review the detaileddiscussion contained in the section entitled “Risk andUncertainties” in the Company’s MD&A for the year endedDecember 31, 2023, as updated by the Company’s MD&A for thequarter ended March 31, 2024, each of which is filed on SEDAR+ at www.sedarplus.ca , for a fuller understanding of the risks and uncertaintiesthat affect the Company’s business and operations.
Although the Company believes its expectations arebased upon reasonable assumptions and has attempted to identifyimportant factors that could cause actual actions, events or resultsto differ materially from those described inforward-looking information or forward-looking statements, there maybe other factors that cause actions, events or results not to be asanticipated, estimated or intended. There can be no assurance thatforward-looking information or forward-looking statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such forward-looking informationor forward-looking statements. As such, these risks are notexhaustive; however, they should be considered carefully. If any ofthese risks or uncertainties materialize, actual results may varymaterially from those anticipated in the forward-looking informationand forward-looking statements found herein. Due to the risks,uncertainties and assumptions inherent in forward-looking informationand forward-looking statements, readers should not place unduereliance on forward-looking information and forward-lookingstatements.
Forward-looking information and forward-lookingstatements contained herein are presented for the purpose of assistinginvestors in understanding the Company’s rationale behind itsstrategy, business, operations and exploration plans, and may not beappropriate for other purposes. The assumptions referred to aboveshould be considered carefully by readers.
Forward-looking information and forward-lookingstatements and are given as of the date of this press release. TheCompany disclaims any intention or obligation to update or revise anyforward-looking information or forward-looking statements, whether asa result of new information, future events or otherwise, except to theextent required by applicable law. The Company qualifies all of itsforward-looking information and forward-looking statements by thesecautionary statements.
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