Hertz Lithium Files Preliminary Short Form Base Shelf Prospectus

About this update from Hertz Energy Inc.

[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 16, 2023) - Hertz Lithium Inc. (CSE: HZ) (FSE: QE2) (the \"Company\") is pleased to announce that it has filed a preliminary short form base shelf prospectus (the \"Shelf Prospectus\") with the securities commissions in each of the provinces of Canada (except Quebec). The filing of the Shelf Prospectus is intended to provide the Company with financing flexibility. Upon a final base shelf prospectus becoming effective, these filings, subject to securities regulatory requirements, will allow the Company to qualify the distribution of up to $15,000,000 of common shares, warrants, subscription receipts, or any combination thereof, from time to time over a 25-month period that the Shelf Prospectus remains effective. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering. Each prospectus supplement will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the Shelf Prospectus and any prospectus supplement within the 25-month period that it is effective. A copy of the Shelf Prospectus, and copies of the final base shelf prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company's SEDAR profile at www.sedar.com. The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Hertz Lithium $.25 Warrants for Trading Application The Company is also pleased to announce that it intends to apply to the Canadian Securities Exchange (the \"CSE\") to list, as a supplemental listing on the CSE, a total of 12,802,000 common s...

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