Business
Neotech Metals Responds to OTC Markets Request on Recent Promotional Activity
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) (formerly, Caravan Energy Corpor
About this update from Neotech Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) (formerly, Caravan Energy Corporation) (\"Neotech\" or \"Company\") has received a request from OTC Markets Group Inc. (\"OTC Markets\") to issue a statement about recent promotional activity concerning the Company and its common shares (\"Common Shares\") traded on the OTCQB Marketplace, including the distribution of promotional news published by the Financial Star (\"Advertiser\") discussing the Company, its business, and the rare earth elements industry in general (\"Materials\"). The Advertiser is a third-party marketing firm retained by the Company to provide communications and media services and to amplify the distribution of Company news release content. The Company does not believe the statements in the Materials were false or misleading, and notes that it provides the Advertiser with publicly available sources of information for the Materials, and provides sign off on content in the Materials. The Company notes that it has had a marketing campaign in place since October 26, 2023, and does not believe it has resulted in any unusual trading activity, though it has resulted in more investors becoming aware of the Company and its activities, which could affect trading volumes. In the last 12 months, the Company has engaged, in addition to the Advertiser, Ninja Media LLC to provide a one-time review of the Company's video. Additionally, as required under Canadian securities laws, all transactions involving the Company's shares by the Company's executive officers, directors and controlling shareholders are disclosed on the System for Electronic Disclosure by Insiders (SEDI). Based on SEDI, no directors, officers or holders or 10% or more of the Company's common shares have purchased or sold any Company securities, except that: Mr. Reagan Glazier acquired 100,000 common shares in connection with a property purchase / sale transaction, as disclosed by the Company via a news release dated September 29, 2023; Mr. Robert Krause acquired 12,500 common shares pursuant to previously-issued restricted share units; and Mr. Charn Deol sold 10,000 common shares on November 24, 2023 and 10,000 common shares on November 27, 2023. Further, the Company has not issued any shares or ...