Bradda Head Lithium Ltd. (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF) (“Bradda Head” or the “Company”), the North America-focused lithium development company , is pleased to announce that it has engaged Red Cloud Securities Inc (“Red Cloud”) to provide market-making services as well as Dig Media Inc. dba Investing News Network (“INN”) who will undertake an advertising and investor awareness campaign on behalf of the Company.
As required under the TSX-V Policy 3.4, the following disclosures are being made:
Red Cloud
Red Cloud currently acts as the Company’s Canadian broker.
Services to be provided under the market maker agreement include:
· Supply of liquidity for the Company’s shares traded on the TSX-V;
· Use best efforts to maintain a reasonable and consistent bid and offer spread for the Company’s shares traded on the TSX-V; and
· Use best efforts to maintain a reasonable board lot size for the bid and the offer for the Company’s shares traded on the TSX-V.
The agreement is for a period of 1 year, commencing on 1 January 2023, at a monthly fee of CA$5,000.
INN
INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com.
Services to be provided under the agreement with INN include:
· Building investor awareness of Bradda Head in the North America marketplace
· Undertaking an advertising campaign in Canada targeted at raising investor awareness
INN currently holds no securities in Bradda Head.
The agreement is for a 12-month period and the cost of the campaign will be is CA$57,600, payable in quarterly instalments.
Charles FitzRoy, CEO of Bradda Head, commented:
“Bradda Head listed on the TSX-V in November 2022. We are aware of the need and are very keen to get the Bradda story out to North American investors. Red Cloud, as a North-American-focussed market maker, and INN, given their expertise and outreach, will help with increasing the Company’s liquidity and presence in the North American market.
“Bradda Head is a well-funded lithium explorer with a diverse portfolio of lithium assets across pegmatite, brine and clay with programmes already underway on all our assets. We are targeting significant resource growth at the Basin project, our lithium in clay asset in Arizona. At San Domingo, our pegmatite project also in Arizona, results from the first pass drill programme are expected shortly whilst we also plan to test our brine assets in Nevada this year in between drilling at our clays and pegmatites.
“We look forward to providing updates on all our assets as the programmes progress on what we believe promises to be another very significant year for the Company.”
For further information, please contact:
Bradda Head Lithium Limited
+44 (0) 1624 639 396
Charlie FitzRoy, CEO
Denham Eke, Finance Director
