MAX Power Adds “Max” and Receives DTC Eligibility
VANCOUVER, British Columbia, March 22, 2023 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) (“MAX Power” or the “Company”) is pleased to announce that the Company’s common shares have been made eligible for book-entry delivery and depository services of the Depository Trust Company (DTC) to facilitate electronic settlement of transfers of its common shares in the United States.
DTC eligibility simplifies the process of trading and can enhance liquidity of MAX Power’s shares in the United States. The Company's shares are quoted on the OTC Pink markets under the ticker symbol “MAXXF”. This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
Mr. Rav Mlait, Max Power CEO, commented: “As an emerging North American focused lithium company, we very much look forward to reaching out to American investors as our story unfolds. DTC eligibility will assist greatly in that endeavor.”
MAX Power’s shares will continue to trade on the Canadian Securities Exchange under the symbol “MAXX”.
Consulting Agreement With Max Domi
MAX Power is also pleased to report that it has entered into a consulting agreement effective December 5, 2022 with Mr. Max Domi (the “Consulting Agreement”). As consideration for his services, the Company has agreed to pay Mr. Domi a 6-month retainer totalling $25,000. The Consulting Agreement with Mr. Domi is aimed at increasing awareness of the Company through in-person events, participation in digital content and other media, and to broaden the Company’s reach within the investment community. No securities of the Company have been paid in connection with this agreement.
About MAX Power
MAX Power is a dynamic exploration stage resource company targeting domestic lithium resources to advance North America’s renewable energy prospects.
Contact:
MarketSmart Communications at 877-261-4466.
Forward-Looking Statement Cautions
Neither the Canadian Securities Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the DTC Eligibility and Consulting Agreement, and any particular outcomes thereof. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
