(TheNewswire)
August 10, 2022 – TheNewswire - Vancouver,British Columbia, Canada – Jazz Resources Inc. (the “ Company ” or “ JZR ”) (TSXV:JZR) is pleased to announce thatits common shares (“Shares”) have been made eligible forbook-entry and depository services of the Depository Trust Company(“DTC”) to facilitate electronic clearing and settlement oftransfers of its Shares in the United States.
DTC is a subsidiary ofthe Depository Trust & Clearing Corporation, a United Statescompany that manages electronic clearing and settlement for publiclytraded companies. Securities that are eligible to be electronicallycleared and settled through the DTC are considered to be “DTCeligible”.
DTC eligibility isexpected to simplify the process of trading and transferring theShares and to enhance the liquidity of the Shares in the United Statesbecause of the accelerated settlement period and the expectedreduction in costs for investors and brokers, enabling the Shares tobe traded over a wider selection of brokerage firms.
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Certain information in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often identified by terms such as “will”,“may”, “should”, “anticipate”, “expects” and similarexpressions. All statements other than statements of historical factincluded in this news release are forward-looking statements thatinvolve risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Forward-looking statements in this news release include,but are not limited to, statements regarding the expectedsimplification of trading and transferring the Company’s commonshares in the United States, that DTC eligibility will enhanceliquidity of the Company’s shares in the United States, and theexpected reduction in costs for investors and brokers. Importantfactors that could cause actual results to differ materially from theCompany’s expectations include, but are not limited to, externalevents or events of third parties beyond the Company’s control whichmay result in the Company or investors not receiving the expectedbenefits of DTC eligibility and other risks detailed from time to timein the filings made by the Company with securities regulatoryauthorities. The reader is cautioned that assumptions used in thepreparation of any forward-looking statements may prove to beincorrect. Events or circumstances may cause actual results to differmaterially from those predicted, as a result of numerous known andunknown risks, uncertainties, and other factors, many of which arebeyond the control of the Company. The reader is cautioned not toplace undue reliance on any forward-looking statements. Suchstatements although considered reasonable by management at the time ofpreparation, may prove to be incorrect and actual results may differmaterially from those anticipated. Forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thisnews release are made as of the date of this news release and theCompany disclaims any intention or obligation to update or revise suchinformation, except as required by applicable law.
Neither the TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this press release.
None of the securities of JZR have been registeredunder the U.S. Securities Act of 1933, as amended (the “U.S.Securities Act”), or any state securities law, and may not beoffered or sold in the United States or to, or for the account orbenefit of, persons in the United States or “U.S. persons” (assuch term is defined in Regulation S under the U.S. Securities Act)absent registration or an exemption from such registrationrequirements. This press release shall not constitute an offer to sellor the solicitation of an offer to buy in the United States nor shallthere be any sale of the securities in any State in which such offer,solicitation or sale would be unlawful.
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