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Coloured Ties Provides Lithium Portfolio Update and Quebec Pegmatite Go Public Announcement
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2023) - Coloured Ties Capital Inc. (TSXV: ...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"Coloured Ties Provides Lithium Portfolio Update and Quebec Pegmatite Go Public AnnouncementVancouver, British Columbia--(Newsfile Corp. - May 12, 2023) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) (\"Coloured Ties\" or the \"Company\") is pleased to provide the following update on the Company's lithium portfolio. Hertz Lithium Corp. (CSE: HZ)https://hertzlithium.com.The Company owns 4,730,000 common shares of Hertz Lithium Corp. (\"Hertz Lithium\").Hertz Lithium recently listed for trading on the Canadian Securities Exchange under symbol C.HZ, on the Frankfurt Stock Exchange under QE2 and has applied for listing on the OTCQB in the United States.1 Hertz Lithium is a British Columbia based mineral exploration company primarily engaged in the acquisition and exploration of mineral properties. Hertz Lithium 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. Hertz Lithium is also working with Penn State University in the development of a novel lithium extraction technology. For more information on Hertz Lithium, please visit their website at https://hertzlithium.com. Recent Hertz Lithium Announcements On April 6, 2023, Hertz Lithium announced the closing of its initial public offering (the \"Offering\") pursuant to its prospectus dated February 16, 2023, filed with the securities commissions in each of the provinces of Canada, other than Quebec. The Offering consisted of the sale of 12,852,000 units (each, a \"Unit\") at a price of $0.125 per Unit, for aggregate gross proceeds of $1,606,500. Each Unit consisted of one Share and one Share purchase warrant. Canaccord Genuity Corp. acted as the agent for the Offering. On May 10, 2023, Hertz Lithium announced that it has exercised its option (the \"Option\") to obtain a worldwide, remuneration-bearing, license to utilize the patent rights related to the Penn State Research Foundation (\"PSRF\")'s Novel Process for Extraction of Lithium from Alpha-Spodumene. Hertz Lithium acquired the Option pursuant to an option agreement with the PSRF dated August 30, 2022, as amended on November 15, 2022.Hertz Lithium common shares closed for trading at $0.30 per share on May 10, 2023 on the CSE.Québec Pegmatite Corp.https://quebecpegmatite.c...