Temas Resources Comments on Recent Promotional and Trading Activities at Request of OTC Markets
Temas Resources Comments on Recent Promotional and
Trading Activities at Request of OTC Markets
VANCOUVER, British Columbia, [April 23 , 2021] ― Temas Resources Corp. (CSE: TMAS,
OTCQB:TMASF, FSE: 26P) (the “Company” or “Temas Resources”) has been requested by
OTC Markets Group Inc. to issue this statement about promotional activity concerning its
common stock.
On April 20, 2021, OTC Markets informed the Company that it became aware of certain
promotional activities concerning the Company and its common stock traded on the OTCQB
Marketplace, including the distribution of a promotional newsletter e -mail published by
OracleDispatch linking to a landing page discussing the industry and Company, its recent
licensing agreement and the green ene rgy sector (the “Promotional Content”). OTC Mar-
kets provided an example of the promotion material for reference. The Company was made
aware of the Promotional Content on April 16, 2021.
OracleDispatch is a third-party newsletter retained by a third-party marketing and adver-
tising firm retained by the Company's investor relations' firm CorpComm Services
("CorpComm Canada") to provide content distribution and advertising services. The Pro-
motional Content presented factual statements regarding the Company, it s business and
industry. While the Company did not have editorial control over the Promotional Content,
CorpComm Canada provided publicly available source information for the newsletters and
had partial editorial control over the materials. The Company doe s not believe the state-
ments in the Promotional Content were false or misleading. The appointment of CorpComm
Canada’s parent company (“CorpComm International”, together “CorpComm”), the nature
of the relationship between Temas Resources and CorpComm as well as the compensation
to be paid to CorpComm International was publicly disclosed on June 3rd, 2020 and the
news release announcing the appointment can be found on SEDAR and on the Company’s
website.
Further, the Company understands this promotional act ivity may have coincided with
increased trading activity in the Company's common shares beginning on April 13th, 2021.
The Company does not believe the promotional activities were a factor in the recent
increase in trading volume in the Company's common shares. The Company attributes the
increase to news release s issued by the Company on April 13, 2021 and April 14, 2021 ,
which investors can find on SEDAR and on the Company's website.
After an inquiry by management, none of the Company's executive officers, directors or,
to the knowledge of the Company, any controlling shareholders and third -party service
providers, sold or purchased shares of the Company within the past 90 days.
In the last twelve months, the Company has worked with CorpComm, The Howard Group
Inc. and The Deep Dive to provide investor relations, public relations services, marketing
or other related services.
The OTC Markets has further requested that the Company state whether it has issued any
shares or convertible instruments all owing conversion to equity securities at prices
constituting a discount to the current market rate at the time of the issuance. The Company
represents, as disclosed in its public filings on SEDAR that since listing on the CSE on May
19, 2020, it has issued discounted shares under the $5,000,000 equity investment facility
with Crescita Capital LLC which was disclosed January 6, 2021 (300,000 common shares at
a price of $0.716) and March 22, 2021 (870,000 common shares at a price of $0.98).
For more complete and specific information regarding the Company, its prospects and the
risks associated with those prospects, readers should consult the Company's public filings
on SEDAR, its website and other reliable sources. The Company encourages inve stors to
contact their investment advisers prior to making any investment.
About Temas Resources
Temas Resources Corp. ("Temas Resources") (CSE:TMAS) (OTCQB:TMASF) (FSE: 26P)
is focused on the advancement of mineral independence and the processes in which min-
erals are extracted in an environmentally friendly manner. Temas Resources invests in and
works to apply green technology across its mining portfolio to reduce the environmental
impact and carbon footprint of metal extraction through advanced processing and patented
leaching technologies.
Temas Resources flagship properties are located in the stable, mining-friendly jurisdiction
of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area
known as the Grenville Geological Province . The Grenville Geological Province is home to
Lac Tio, the largest solid ilmenite deposit in the world.
As a mineral exploration company focused on the environmentally friendly acquisition, ex-
ploration and development of Iron, Titanium, and Vanadium properties in a socially respon-
sible manner, Temas Resources has focused its efforts on advancing two major projects in
the Grenville Geological Province area. The first, the DAB Property, is an option for 100%
interest consisting of 128 contiguous mineral claims which covers 6,813.72 hectares (68.14
km²) within the Grenville Geological Province. The flagship, the La Blache Property, is
100% ownership of 48 semi -contiguous mineral claims which cover 2,653.25 hectares
(26.53 km²) within the Grenville Geological Province. All public filings for the Company can
be found on the SEDAR website www.sedar.com. For more information about the Company,
please visit www.temasresources.com.
On behalf of the Board of Directors of Temas Resources Corp.,
“Kyler Hardy”
Director
Contact Information:
For further information or investor relations inquiries, please contact us:
Nick Spencer
Investor Relations
www.temasresources.com
or
Dave Burwell
Vice President
The Howard Group Inc.
Email: [email protected]
Tel: 403-410-7907
Toll Free: 1-888-221-0915
For inquiries on using the Temas family of technologies please contact:
Michael Dehn
President and CEO
Tel: 647-477-2382
Forward Looking Statements
This news release includes certain “Forward‐Looking Statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking
information” under applicable Canadian securities laws. When used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”,
“would”, “could”, “schedule” and similar words or expressions, identify forward ‐looking
statements or information.
Forward‐looking statements and forward‐looking information relating to any future min-
eral production, liquidity, enhanced value and capital markets profile of Temas Resources,
future growth potential for Temas Resources and its business, and future exploration plans
are based on management ’s reasonable assumptions, estimates, expectations, analyses
and opinions, which are based on management ’s experience and perception of trends,
current conditions and expected developments , and other factors that management be-
lieves are relevant and reasonable in the circumstances, but which may prove to be incor-
rect. Assumptions have been made regarding, among other things, the price of iron, tita-
nium, vanadium and other metals; no escalation in the severity of the COVID-19 pandemic;
costs of exploration and development; the estimated costs of development of exploration
projects; Temas Resources’ ability to operate in a safe and effective manner and its ability
to obtain financing on reasonable terms.
These statements reflect Temas Resources’ respective current views with respect to future
events and are necessarily based upon a number of other assumptions and estimates that,
while considered reasonable by management, are inherently subject to significant busi-
ness, economic, competitive, political and social uncertainties and contingencies. Many
factors, both known and unknown, could cause actual results, performance or achieve-
ments to be materially different from the results, performance or achievements that are
or may be expressed or implied by such forward ‐looking statements or forward-looking
information and Temas Resources has made assumptions and estimates based on or re-
lated to many of these factors. Such factors include, without limit ation: the Company ’s
dependence on one mineral project; precious metals price volatility; risks associated with
the conduct of the Company’s mining activities in Quebec; regulatory, consent or permit-
ting delays; risks relating to reliance on the Company ’s management team and outside
contractors; risks regarding mineral resources and reserves; the Company ’s inability to
obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency
fluctuations; risks regarding the failure to gen erate sufficient cash flow from operations;
risks relating to project financing and equity issuances; risks and unknowns inherent in all
mining projects, including the inaccuracy of reserves and resources, metallurgical recov-
eries and capital and operating costs of such projects; contests over title to properties,
particularly title to undeveloped properties; laws and regulations governing the environ-
ment, health and safety; the ability of the communities in which the Company operates to
manage and cope with the implications of COVID-19; the economic and financial implica-
tions of COVID-19 to the Company; operating or technical difficulties in connection with
mining or development activities; employee relations, labour unrest or unavailability; the
Company’s interactions with surrounding communities and artisanal miners; the Com-
pany’s ability to successfully integrate acquired assets; the speculative nature of explora-
tion and development, including the risks of diminishing quantities or grades of reserves;
stock market volatility; conflicts of interest among certain directors and officers; lack of
liquidity for shareholders of the Company; litigation risk; and the factors identified under
the caption “Risk Factors ” in Temas Resources ’ management discussion and analysis.
Readers are cautioned against attributing undue certainty to forward‐looking statements
or forward-looking information. Although Temas Resources has attempted to identify im-
portant factors that could cause actual results to differ materially, there may be other
factors that cause results not to be anticipated, estimated or intended. Temas Resources
does not intend, and does not assume any obligation, to update these forward ‐looking
statements or forward-looking information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or information, other than as
required by applicable law.