Hertz Lithium Inc. Announces Engagement of Market Maker

Rhea-AI Summary

Hertz Lithium Inc. (HZ) has entered into a service agreement with Independent Trading Group (ITG) for market making services for its Securities. The agreement is for a period of three months, with renewal in one-month terms. ITG will buy and sell securities of the company for market making purposes, and the company will pay CDN$5,000 per month plus applicable taxes. ITG is arm's length from the company and does not have any interest in the company or its securities.

Vancouver, British Columbia--(Newsfile Corp. - July 20, 2023) - Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company") is pleased to announce that it has entered into a service agreement dated March 14, 2023 (the "Services Agreement") with Independent Trading Group ("ITG"). Pursuant to the terms and conditions of the Services Agreement, ITG will provide market making services for the Issuer for its Securities for a period of three (3) months, which began on or around March 14, 2023, and will renew in one (1) month terms unless either party provides at least thirty (30) days written notice. ITG will provide the Issuer with services whereby it will buy and sell securities of the Company for the purposes of "market making", which includes facilitating trading, or liquidity, in those securities. The Company has agreed to pay CDN$5,000 per month plus applicable taxes on the first day of every month. ITG and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities, nor do they have any rights or intent to acquire such an interest. ITG's business is located in Toronto Ontario, its email contact is info@itg84.com and its phone number is 416-583-2194.

About Hertz Lithium Inc.

Hertz Lithium Inc. is a British Columbia based mineral exploration company primarily engaged in the acquisition and exploration of mineral properties. The Company currently has one material mineral property, the Lucky Mica Project, located in the Arizona Pegmatite Belt in the Maricopa County of Arizona, USA, which is in the exploration stage. The Company is also working with the PSRF in the development of a novel lithium extraction technology. https://hertzlithium.com

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedar.com.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

https://hertzlithium.com

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/174312

FAQ

What is the name of the company that entered into a service agreement with ITG?

Hertz Lithium Inc. (HZ) has entered into a service agreement with Independent Trading Group (ITG).

What services will ITG provide to Hertz Lithium Inc. (HZ)?

ITG will provide market making services for the Issuer for its Securities, which includes facilitating trading or liquidity in those securities.

How long is the service agreement between Hertz Lithium Inc. (HZ) and ITG?

The service agreement is for a period of three months, with renewal in one-month terms.

How much will Hertz Lithium Inc. (HZ) pay ITG for its services?

The company has agreed to pay CDN$5,000 per month plus applicable taxes.

Where is ITG's business located?

ITG's business is located in Toronto, Ontario.

What is the email contact of ITG?

ITG's email contact is info@itg84.com.

What is the phone number of ITG?

ITG's phone number is 416-583-2194.