Business
Usha Resources Retains Red Cloud Securities for Market-Making Services; Engages TMM Capital Advisory for Investor Relations
VANCOUVER, BC / ACCESSWIRE / April 19, 2022 / Usha Resources Ltd. ("USHA" or the "Compa...
About this update from Usha Resources Ltd
[{"type":"text","content":"Usha Resources Retains Red Cloud Securities for Market-Making Services; Engages TMM Capital Advisory for Investor RelationsVANCOUVER, BC / ACCESSWIRE / April 19, 2022 / Usha Resources Ltd. (\"USHA\" or the \"Company\") (TSXV:USHA) (OTCQB:USHAF), a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, is pleased to announce that it has retained Red Cloud Securities Inc. (\"Red Cloud\" or \"RCSI\") to provide market-making services while adding TMM Capital Advisory to spearhead investor relations.\"USHA's expanding portfolio of lithium, nickel, copper, cobalt and gold projects have quickly emerged as a compelling investor story, while still remaining relatively quiet,\" said Deepak Varshney, CEO of Usha Resources. \"We're heading into a pivotal development stage across all operations, and securing top-notch professional talent to help manage shareholder interests and communicate our vision to a wider audience is both a timely move and an investment in USHA's growth future. 2022 is poised to be a break-out year and an early mover opportunity.\"Market-Making Services EngagementRCSI will assist USHA, helping to ensure a fair, tight and liquid public trading market is always maintained. Red Cloud's experienced team of professional traders will work actively and regularly with USHA management offering trading advice, reporting, and tracking of their stock. Having professionals overseeing the day-to-day trading and activity of USHA stock will help create a strong level of comfort and assurances the markets are being maintained every day.RCSI's engagement is for a one-year period, effective April 15, 2022, for a monthly fee of $12,000.00. Red Cloud will not receive any Common Shares or options as compensation. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market-making agreement.The engagement of Red Cloud remains subject to the approval of the TSX Venture Exchange.Investor Relations AgreementThe Company is also pleased to announce that it has entered into a consulting agreement with Mr. Tyler Muir of TMM Capital Advisory for investor relations and communications services. Mr. Muir has been deeply involved with the capital markets since 2015. Having developed...