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Falcon Energy Materials Announces Engagement of Market Maker and Change of Chief Financial Officer
Abu Dhabi, United Arab Emirates, July 9, 2024 – TheNewswire – Falcon Energy Materials plc (TSX-V: SRG) (“Falcon” or the “Company”) is pleased to announce that i
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"Abu Dhabi, United Arab Emirates, July 9, 2024 – TheNewswire – Falcon Energy Materials plc (TSX-V: SRG) (“Falcon” or the “Company”) is pleased to announce that it has retained DS Market Solutions Inc. (“DS Market”) to provide equity trading advisory and liquidity provider services in accordance with the TSX Venture Exchange (“TSXV”) policies and subject to the approval of the TSXV. DS Market will trade the securities of the Company on the TSXV for the purpose of maintaining an orderly market. In consideration of the services provided by DS Market, the Company will pay DS Market a monthly fee of $5,000 from the Company's available cash for a minimum term of one month and renewable for successive one-month terms thereafter. Either Party may terminate the arrangement by providing written notice to that effect 30 days prior to the end of the then current term. The services provided by DS Market commenced on July 2, 2024. The Company and DS Market are unrelated and unaffiliated entities and DS Market has no interest, directly or indirectly in the Company or its securities. DS Market will not receive shares or options as compensation, nor have they indicated any immediate intent to acquire shares of the Company through the open market or otherwise. The capital used for market making will be provided by DS Market. In addition, the Company announces that a new Chief Financial Officer (“CFO”) has been appointed, following the Company’s Redomiciliation to the Abu Dhabi Global Market. Effective today, Ugo Landry-Tolszczuk has resigned as the Company’s CFO, and Jean-Daniel Joly has been appointed as his successor. The Company would like to thank Mr. Landry-Tolszczuk for his services to the Company. Mr. Joly is a Chartered Professional Accountant (“CPA”) and has been acting as VP Finance for Falcon since 2022. About DS Market DS Market is an equity trading advisor to issuers looking to enhance liquidity in their public traded securities. DS Market was incorporated in Mississauga, Ontario in April 2024 and the offices of DS Market are located in Mississauga, Ontario. Mr. David Sears is the sole owner of DS Market and will be providing the services on behalf of DS Market. DS Market’s contact is [email protected]. About Falcon Falcon is focused on developing the Lola Graphite Project l...