All fees payable by the Company to RSD under the terms of the Service Agreement will be paid from the general working capital of the Company.
RSD is owned and operated by Nicholas Hodge and Gerardo Del Real and is based in Texas, USA. The Company and RSD trade on an arm’s length basis, and RSD has no current interest, directly or indirectly, in the Company or its securities, or any right or current intention to acquire any such interest, other than that Nicholas Hodge owns or controls 280,000 shares of the Company’s common stock (“Shares“) and 250,000 Share Purchase Warrants; and Gerardo Del Real owns or controls 2,500,000 Shares and 2,500,000 Share Purchase Warrants.
The Service Agreement is subject to the approval of the TSX Venture Exchange (the “Stock exchange“). RSD has agreed to comply with all applicable securities laws and policies of the Exchange in providing the services to the Company under the Service Agreement.
About Lion Rock Resources Inc.
Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-quality gold and lithium projects in North America. The company’s flagship project, the Volney Project, is located in South Dakota’s Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The company is led by an award-winning team with a proven track record in mineral discovery, project development and financing.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Certain statements in this press release may constitute “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “anticipate,” “plan,” “estimate,” “expect,” “may,” “will,” “intend,” “should,” “potential,” “indicative” and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward-looking information in this press release includes statements regarding the investor relations activities to be conducted by RSD and the adoption of the Exchange of the Service Agreement. Such forward-looking information is based on the current expectations of the company’s management. The Company’s actual results may differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including, but not limited to, delays in obtaining or failure to obtain required Exchange for the Service Agreement approvals, risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes in the Company’s strategic growth plans and other factors, many of which are beyond the company’s control. the company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and undue reliance should not be placed on such forward-looking information. In making the forward-looking statements in this press release, the Company has applied various material assumptions, including, but not limited to, that the Company will obtain the required Exchange approvals for the Services Agreement. Any forward-looking information contained in this press release represents the Company’s expectations as of the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278743
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