PowerStone Metals Retains Red Cloud as Financial Advisor
PowerStone Metals Retains Red Cloud as Financial Advisor
VANCOUVER, British Columbia ‐‐ April 26, 2023 ‐ PowerStone Meta l s C o r p . ( C S E : P S ) ( F S E : W 0 R )
("PowerStone" or the " Company") is pleased to announce that the Company has appointed Red Cl oud
Securities Inc. ("Red Cloud") as its financial advisor to provide the Company with a range of capital markets
and M&A advisory services. Red Cloud is a Toronto‐based investm ent bank and financial services
company that assists mineral exploration and mining companies in accessing the capital markets and
enhancing their corporate profile.
Pursuant to the terms of the engagement, Red Cloud will be issued 400,000 common shares of the
Company (the “Consideration Shares”). The Consideration Shares shall be subject to trading restri ctions
such that 1/2 of the Consideration Shares shall be released on the 4thmonth anniversary of the issue date
and the balance in equal increments on the 8th and 12th month anniversary of the issue date.
In certain circumstances, additional services may be provided t o the Company by Red Cloud and
additional contingent consideration for such services may be ap plicable. The engagement of Red Cloud
and the issuance of the Consideration Shares are subject to Canadian Securities Exchange (the “CSE”)
approval.
About Red Cloud
Red Cloud is registered as an Investment Dealer in Ontario, Quebec. Alberta and British Columbia and is a
member of the Investment Industry Organization of Canada (IIROC). Part of Red Cloud's business is to
connect mineral exploration and mining companies with suitable investors. For additional information
about Red Cloud visit www.redcloudfs.com.
About PowerStone
PowerStone is a mineral exploration company focused on the identification and exploration of high‐
quality critical metals assets, in favorable mining jurisdictions, to help meet the increasing demand of
metals required for the transition to a green economy. PowerStone is currently exploring the Chilton
Cobalt Property, a prospective cobalt asset located in Quebec, Canada. The Company may also evaluate
the acquisition of other mineral exploration assets and opportunities. For more information, please
visit www.powerstonemetals.com.
Contact Information
Raymond Harari
Chief Executive Officer, PowerStone Metals Corp.
t: 507‐6675‐2221
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Cautionary Note Regarding Forward‐Looking Statements
Certain statements contained in this press release constitute " forward‐looking information" as that term
is defined in applicable Canadian securities legislation. Forward‐looking information by its nature is based
on assumptions and involve known and unknown risks, uncertainti es and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such forward‐looking statements or
information. We have made certain assumptions about the forward‐looking statements and information.
Although PowerStone's management believes that the assumptions made and the expectations
represented by such information are reasonable, there can be no assurance that the forward‐looking
information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other
factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from those described in forward‐looking statements or information. There can be no assurance that
forward‐looking statements or information will prove to be accu rate, as actual results and future events
could differ materially from those anticipated in such statemen ts. Accordingly, readers should not place
undue reliance on the forward‐looking statements or information contained herein. The Company does
not undertake to update forward‐looking statements or forward‐looking information, except as required
by law.
The CSE has in no way passed upon the merits of the business of the Company and has neither approved
nor disapproved the contents of this news release and accepts no responsibility for the adequacy or
accuracy hereof.
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