The
The proposal to continue the Company out of the federal jurisdiction of
'The falcon is a significant symbol in
In parallel with the
There is no consolidation of the Company's share capital in connection with the Name Change. As a result, shareholders are not required to exchange their existing share certificates for new certificates bearing the Company's new name. The Name Change does not affect the Company's share structure and no further action is required by existing shareholders. The TSXV has conditionally approved the Name Change.
The Company's shares will continue to trade on the TSXV under the stock symbol 'SRG' and the Company will continue to be subject to the rules and policies of the TSXV. Trading of the Company's shares as a public company limited by shares under the laws of the ADGM and under its new name and new stock symbol will commence at market open on the date specified in the TSXV bulletin that will be issued in connection with the
The Company is also pleased to announce progress in strategic partnership and financing discussions. Several strategic partners have expressed interest in becoming Tier One suppliers to the Western battery end markets. The Company is currently evaluating various strategic options.
Concurrently, discussions with multiple high-quality parties interested in providing financing to advance Falcon towards first production are progressing. The Company is seeking both debt and equity financing to fund the construction of the first phase of the
Falcon will provide further updates only if a specific transaction or process is concluded, or if further disclosure is required under applicable laws or deemed appropriate. There can be no assurance that the Company will pursue any transaction or that a transaction, if pursued, will be completed.
About Falcon
Falcon is focused on developing the
Contact:
President & CEO Corporate Development Advisor
Email: m.bos@falconem.net
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as 'advance', 'provide', 'interest', 'anticipated', 'progress', 'result', 'confirm', 'target', 'increase', 'expect', 'scheduled', 'enable', 'projected', 'drive', 'aim', 'realise', 'growth', 'goals', 'continue', 'advance', 'potential', 'will', 'demonstrate', 'deliver', 'believe', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would' or 'might'. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to have a better understanding of the Company's business plans and financial performance and condition.
All statements, other than statements of historical fact included in this press release, regarding the Company's strategy, future operations, prospects, plans and objectives of management are forward-looking statements.
Forward-looking information and forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information and forward-looking statements are based include the Company's expectation that it will be able to obtain final approval of the TSXV in respect of the
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking information and forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business. Readers are directed to carefully review the detailed discussion contained in the section entitled 'Risk and Uncertainties' in the Company's MD&A for the year ended
Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information or forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information or forward-looking statements. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking information and forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-looking information and forward-looking statements, readers should not place undue reliance on forward-looking information and forward-looking statements.
Forward-looking information and forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company's rationale behind its strategy, business, operations and exploration plans, and may not be appropriate for other purposes. The assumptions referred to above should be considered carefully by readers.
Forward-looking information and forward-looking statements and are given as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking information and forward-looking statements by these cautionary statements.
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