Holly Street submits a filing statement and obtains conditional approval for a qualified transaction with US Critical Metals Corp., The Canadian Business Journal.

It is not intended to be distributed to US newswire services, or to publish, distribute, or distribute direct or indirect releases within or to the United States.

Vancouver, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — Holly Street Capital Ltd. (TSXV: HSC.P) (“Holly” or “society“), A capital pool company listed on the TSX Venture Exchange (“exchange”), And US Critical Metals Corp. (“”USCM”) Notices that the exchange has conditionally approved the proposed business combination (“”).Proposed transaction“) Between USCM and us previously announced in our press releases dated November 1, 2021, January 10, 2022 and February 25, 2022. Of this nature. Upon completion of the transaction and subject to completion (“”Result publisher”), Continued under the name“ US Critical Metals Corp ”and traded on the exchange with the“ USCM ”symbol. The proposed transaction is expected to close around April 12, 2022. The Company and the USCM have entered into an amendment agreement to extend the external date of completion of the proposed transaction until April 15, 2022.

We have submitted a filing statement dated March 31, 2022 today.Filing statement“) SEDAR profile of the exchange and the company at Additional information about the proposed transaction, company and USCM can be found in the filing statement.

In accordance with exchange policy, our common stock is currently suspended and will remain in that state until the time required by exchange policy.

About Holly Street Capital Co., Ltd.

Holly is designated as a Capital Pool Company under TSXV Policy 2.4. Holly has not started commercial activities and has no assets other than cash. Holly’s purpose is to identify and value a business or asset with the goal of completing a qualified transaction. All proposed eligible transactions must be approved by TSXV and, for non-weapon length eligible transactions, must also be approved by a majority of minority shareholders. Holly will not engage in any business other than the identification and valuation of any business or asset for the purpose of completing the proposed qualified transaction until the qualified transaction is completed.

As of today, Holly holds 7,510,000 issued common stock (of which 2,000,000 are subject to escrow restrictions), with a total of 450,000 common stock reserved for issuance by exercising issued stock options.

Holly is a portfolio company of Resurgent Capital Corp. (“revival”), A merchant bank that provides advisory services for the venture capital market and its own financing. Resurgent works with promising public and pre-public microcapitalization companies listed on the Canadian Stock Exchange. For more information on Resurgent and its portfolio companies, visit the Resurgent website ( or LinkedIn’s Resurgent ( Follow corp).

About US Critical Metals Corp.

USCM is a private mining company founded under British Columbia law and headquartered in British Columbia.

The USCM has been established with a focus on mining projects that further secure the US supply of critical metals essential for revitalizing the economy of the new era. Following option agreements with private companies in Canada and the United States, USCM’s assets consist of two option agreements, each granting USCM the right to acquire 100% interest in their respective mineral exploration projects. Such exploration projects include the Haynes Cobalt Project, which consists of 23 lodes in Idaho, and the Clayton Ridge Lithium Project, which consists of 90 unpatented mining claims in Nevada.

A significant proportion of the world’s significant metal supply comes from sources that are not in line with US interests and demand. USCM explores and develops key metal assets that have short-term and long-term strategic value in improving US profits and help the US maintain its world-leading position in the green energy economy and emerging technologies. intend to do something.

Global changes in energy supply and demand can be sustained by ensuring that US domestic resources are explored and responsibilities are developed efficiently. The USCM is committed to responsible resource development and adherence to environmental, social and governance practices and procedures.

Contact Holly’s Chief Executive Officer, Joel Freudman ((647) 880-6414), for more information on the proposed transaction with Holly.

For more information on the USCM and the proposed transaction, please contact Darren Collins ((786) 633-1756), USCM Chief Executive Officer.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Completion of the proposed transaction is subject to several conditions, including, but not limited to, the approval of the exchange and, if applicable, a majority of the approval of minority shareholders if applicable. If applicable, the proposed transaction cannot be closed until the required shareholder approval is obtained. There is no guarantee that the proposed transaction will not be completed as proposed or at all.

Investors are trusted as the information released or received regarding the proposed transaction may not be accurate or complete unless disclosed in a filing statement made in connection with the proposed transaction. Please note that it should not be. Trading securities in capital pool companies should be considered highly speculative.

TSX Venture Exchange Inc. has never inherited the benefits of the proposed transaction and has not endorsed or denied the content of this press release.

All information contained in this news release regarding Holly and the USCM is provided by each party for inclusion here, and Holly and its directors and officers rely on the USCM for information regarding such parties.

This news release does not constitute an offer to sell or solicit an offer to sell securities in the United States. The security was not registered under the Securities Act of 1933 and will not be registered in the future.US Securities Act”) Or state securities law, registered under the United States Securities Act and the securities law of the applicable state, or offered or sold to the United States or Americans unless an exemption from such registration is available. I can not do it.

Information about future prospects

The information in this news release contains specific information and statements regarding management’s views on future events, expectations, plans, and outlooks. Proposed listing, proposed listing, shareholder, director and regulatory approval, and future press releases and disclosures for the proposed transaction, the resulting transaction of the issuer’s common stock. These statements are based on assumptions that are affected by significant risks and uncertainties. Due to these risks and uncertainties, and as a result of various factors, the actual results, expectations, outcomes, or performance of Holly and the USCM, respectively, are expected and shown in these forward-looking statements. It may be very different from the one. Holly and the USCM each believe that the expectations reflected in the forward-looking statements here are reasonable, but they guarantee that the expectations of the forward-looking statements here are proven to be correct. there is no. Except as required by law, Holly and the USCM have each written this document to reflect actual results, whether or not they are the result of new information, future events, changes in assumptions, or changes in factors. Disclaims any intent to update or revise any forward-looking statement and is not obligated. Affects such forward-looking statements or anything else.

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Holly Street submits a filing statement and obtains conditional approval for a qualified transaction with US Critical Metals Corp., The Canadian Business Journal.

Source link Holly Street submits a filing statement and obtains conditional approval for a qualified transaction with US Critical Metals Corp., The Canadian Business Journal.

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