VANCOUVER, BC, June 7, 2021 /CNW/ - Elemental Royalties Corp.
("Elemental" or "the Company") (TSXV: ELE) (OTCQX:
ELEMF) is pleased to announce that it has retained Red Cloud
Securities Inc ("Red Cloud") to provide market making services with
the objective of maintaining a reasonable market and improving the
liquidity of its Common Shares.
Under the agreement between Red
Cloud and the Company (the "Red Cloud Agreement"),
the Company has agreed to initially pay Red
Cloud a fee of C$5,000 plus
applicable taxes, per month. Red
Cloud will not receive any Common Shares or options as
compensation. Red Cloud and its
clients may acquire a direct interest in the securities of the
Company. Elemental and Red Cloud are
unrelated and unaffiliated entities. Red
Cloud is a member of the Investment Industry Regulatory
Organization of Canada and a
member firm of the Toronto Stock Exchange and the TSX Venture
Exchange.
The initial term of the Red Cloud Agreement will be 4 months,
and such term will be automatically renewed for subsequent 1-month
periods unless terminated earlier by 30 days' prior written notice.
The engagement of Red Cloud remains
subject to the approval of the TSX Venture Exchange.
On behalf of Elemental Royalties Corp.
Frederick Bell
CEO and
Director
Elemental is a proud member of Discovery Group. For more
information please visit: discoverygroup.ca or contact
604-653-9464.
Neither the TSX-V nor its Regulation Service Provider (as
that term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this press
release.
About Elemental Royalties
Elemental is a gold-focused royalty company listed on the TSX-V
in Canada and provides investors
with lower risk precious metals exposure through a portfolio of
nine high-quality royalties. This enables investors to
benefit from ongoing royalty revenue, future exploration upside and
low operating costs. Elemental's experienced team seeks to secure
royalties in advanced precious metals projects, run by established
operators, from its pipeline of identified opportunities.
Cautionary note regarding forward-looking
statements
This release contains certain "forward looking
statements" and certain "forward-looking information" as defined
under applicable Canadian securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology.
Forward-looking statements and information include, but are not
limited to, statements with respect to the future growth and
development of the Company which include statements with respect
to: obtaining approval from the TSX Venture Exchange, the renewal
of the Red Cloud Agreement and Red
Cloud and its clients potentially obtaining a direct
interest in the securities of the Company. Forward-looking
statements and information are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions
that, while believed by management to be reasonable, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Forward-looking statements and
information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of Elemental to
control or predict, that may cause Elemental's actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set
out herein, including but not limited to: the requirement for
regulatory approvals and third party consents, the impact of
general business and economic conditions, the absence of control
over the mining operations from which Elemental will receive
royalties, including risks related to international operations,
government relations and environmental regulation, the inherent
risks involved in the exploration and development of mineral
properties; the uncertainties involved in interpreting exploration
data; the potential for delays in exploration or development
activities; the geology, grade and continuity of mineral deposits;
the impact of the COVID-19 pandemic; the possibility that future
exploration, development or mining results will not be consistent
with Elemental's expectations; accidents, equipment breakdowns,
title matters, labor disputes or other unanticipated difficulties
or interruptions in operations; fluctuating metal prices;
unanticipated costs and expenses; uncertainties relating to the
availability and costs of financing needed in the future; the
inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price
fluctuations; currency fluctuations; regulatory restrictions,
including environmental regulatory restrictions; liability,
competition, loss of key employees and other related risks and
uncertainties. Elemental undertakes no obligation to update
forward-looking information except as required by applicable law.
Such forward-looking information represents management's best
judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or
information.
SOURCE Elemental Royalties Corp.