Canadian mineral exploration company Patriot Battery Metals (ASX:PMT) has retained the services of specialised consulting firm Venture Liquidity Providers to help in maintaining an orderly trading market for the common shares of the company.
The company has also retained Oakstrom Advisors, which will provide investor relations and strategic communications services.
Patriot says the market-making service will be undertaken by Venture Liquidity through a registered broker, W.D Latimer Co, in compliance with the Toronto Stock Exchange (TSX-V) Venture Exchange and other applicable laws on an ongoing basis.
The agreement with Venture Liquidity may be terminated at any time by either party, and both companies will act at arm’s length with Venture Liquidity holding no present interest directly or indirectly in Patriot or its securities.
The company also notes the finances and common shares required for the market-making services are provided by W.D Latimer, and the fees paid by Patriot to Venture Liquidity are for market-making services only.
Patriot reports Oakstrom has been contracted to provide ‘comprehensive’ investor relations and strategic communication services for an initial 12-month term which may be extended by mutual agreement.
The company reports it has no prior relationship with Oakstromand notes Oakstrom does not currently own or control any securities in Patriot. The arrangement with Oakstrom and Venture Liquidity include monthly fees of $15,000 and $5,000 respectively and are subject to acceptance by the TSX Venture Exchange.
Patriot Battery Metals is a hard-rock lithium exploration company focused on advancing its district-scale Corvette Property, located in the James Bay region of Quebec, Canada.
The company says Corvette is one of the ‘largest’ and ‘highest grade’ hard rock lithium projects being explored with over 70 lithium-bearing pegmatite outcrops identified to date over a strike length of 50km.
Venture Liquidity Providers is a Toronto-based specialised consulting firm focused on providing services to TSX-V listed issuers.
Oakstrom Advisors is an international consultancy based in Toronto, focused on the delivery of investor relations, strategic communications, and capital markets outreach services.
Images: Patriot Battery Metals Inc.
