TORONTO, January 6, 2022 (GLOBE NEWSWIRE) – Consolidated Uranium Inc. (the âCompanyâ, âCURâ or âConsolidated Uraniumâ) (TSXV: CUR) (OTCQB: CURUF) has been requested by OTC Markets Group Inc (â OTC Markets â) to make this statement regarding promotional activities relating to its ordinary shares (theâ ordinary shares â).
On January 3, 2022, OTC Markets informed the Company that it became aware of certain promotional activities regarding the Company and the common shares traded on the OTCQB market, including the distribution of three promotional emails published by The Wolf of Penny Stocks, Penny Picks and Epic Stocks Picks discuss the company, its plans and the global uranium market. The publications also contained links to and summaries of recent press releases issued by CUR. OTC Markets has provided examples of promotional material for your reference.
The Wolf of Penny Stocks, Penny Picks and Epic Stocks Picks are third party marketing and advertising companies retained by the Company’s investor relations firm, Emerging Markets LLC (âEMCâ), to provide distribution services for content and advertising. Each of the bulletins presented factual statements about the Company, its business and its industry.
The Company provided EMC with information on publicly available sources for newsletters and exercised editorial control over the materials, including reviewing the materials for factual accuracy prior to release. The Company does not believe that the statements in the newsletters were false or misleading. The appointment of EMC, the nature of the relationship between CUR and EMC as well as the compensation to be paid to EMC were made public in a press release dated July 26, 2021 which can be viewed under the Company’s profile on SEDAR and on the Company’s website. website.
Neither EMC nor any of its principals currently owns any securities, directly or indirectly, of the Company and does not currently intend to acquire any securities of the Company.
In addition, the Company understands that this promotional activity may have coincided with increased trading activity on the common shares as of December 30, 2021. The Company does not believe that the promotional activities were a factor in an increase in trading volume. on ordinary shares. Rather, the Company attributes the increased trading volume to a press release issued by CUR this week, which investors can find under the Company’s profile on SEDAR and on the Company’s website.
Over the past 12 months, the Company has worked with EMC, Mars Investor Relations and Swiss Resource Capital to provide investor relations, public relations, marketing or other related services, the details of which have been publicly disclosed in press releases issued by CUR on July 26, 2021, June 10, 2021 and October 29, 2020, respectively.
After investigation by management, one of the senior officers of the Company, the directors have sold shares of the Company within the past 90 days. To the knowledge of the Company, no controlling shareholder and third party service provider has sold or purchased any shares of the Company during the past 90 days.
OTC Markets has further requested the Company to indicate whether it has issued shares or convertible instruments allowing conversion into equity securities at prices constituting a discount from the market rate in effect at the time of issue. As disclosed in its public documents on SEDAR, the Company has from time to time issued shares or convertible instruments permitting conversion into equity securities at prices constituting a discount from the market rate in effect at the time of the transaction. Issuance in accordance with the policies of the TSX Corporate Exchange. Please refer to the Company’s Annual Information Form dated December 29, 2021, which is filed under the Company’s profile on SEDAR, for a complete listing of these share issuances.
About consolidated uranium
Consolidated Uranium Inc. (TSXV: CUR) (OTCQB: CURUF) was formed in early 2020 to take advantage of an anticipated uranium market recovery using the proven model of diversified project consolidation. To date, the Company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the United States, each with significant past expenditures and attractive features for development. More recently, the Company entered into a transformational strategic acquisition and alliance with Energy Fuels Inc. (US NYSE: UUUU) (TSX: EFR), a leading US-based uranium mining company, and acquired a portfolio of licensed and legacy conventional uranium and vanadium mines in Utah and Colorado. These mines are currently on stand-by, ready for a quick restart if market conditions allow, positioning CUR as a near-term uranium producer. For more information please contact
Philip Williams President and CEO [email protected]
Mars Investor Relations +1 647 557 6640 [email protected]
Twitter: @ConsolidatedUr www.consolidateduranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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