Tearlach hires Independent Trading for market making

Nov 21, 2022

2022-11-21 09:16 ET – News Release

Mr. Charles Ross reports

TEARLACH ENGAGES MARKET MAKER

Tearlach Resources Ltd. has engaged a market maker.

The company has entered a market-making agreement with Independent Trading Group (ITG), pursuant to which ITG has agreed to market-making services to the company in accordance with the policies of the TSX Venture Exchange and applicable laws. ITG will trade shares of the company on the TSX-V and other applicable trading venues to maintain a reasonable market and improve market liquidity for the company’s common shares. The agreement’s effective date is Nov. 21, 2022, with an initial term of six months, which will automatically extend for successive one-month terms unless terminated by either party on 30 days prior notice. In consideration of services provided by ITG pursuant to the agreement, ITG will receive compensation of $5,000 per month, payable monthly in advance. ITG will not receive shares, options or other securities as compensation and capital used for market making will be provided by ITG solely. ITG is an independent, privately held broker-dealer based in Toronto, Ont., that provides a wide range of financial and investment services. ITG is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF) and can access all Canadian stock exchanges and alternative trading systems. ITG and the company are unaffiliated entities at the time of the agreement. Neither ITG nor its principals have any interest directly or indirectly in the securities of the company or any right of intent to acquire such an interest.

The company has also engaged FSN Marketing to execute a comprehensive digital media marketing campaign for the company to heighten market awareness and broaden the company’s reach throughout the investment community through various online platforms. In consideration of services and pursuant to the agreement, the company will pay a fee of $500,000 (U.S.) for a term of six months.

The company has also engaged Lakeside Enterprises Inc. to provide content creation, distribution and advertising services. The term of the agreement commences Nov. 21, 2022, for one month. Pursuant to the agreement, the company will compensate Lakeside a total fee of $20,000.

About Tearlach Resources Ltd.

Tearlach is listed on the TSX-V under the symbol TEA and is a Canadian-based emerging resource company. Tearlach has signed option agreements on three lithium projects in Northwestern Ontario. The Wesley property borders Green Energy Metals’ Root Lake project, where a 24,000-metre drill program is currently under way. Pegmatite dikes have also been encountered on the Harth lithium project, which is eight kilometres west of the Wesley lithium project. Prospecting and mapping have also confirmed pegmatite dikes on the Ferland lithium property 10 km east of Green Technology Metals’ Seymour Lake project. Tearlach intends to explore current assets and develop a portfolio of projects in the Americas through acquisition. Tearlach’s primary objective is to position itself as the leading lithium exploration and development company in the Americas.

We seek Safe Harbor.

https://tearlach.ca/