JAZZ RESOURCES INC. Receives DTC Eligibility
August 10, 2022 – TheNewswire - Vancouver, British Columbia, Canada – Jazz Resources Inc. (the “Company” or “JZR”) (TSXV:JZR) is pleased to announce that its common shares (“Shares”) have been made eligible for book-entry and depository services of the Depository Trust Company (“DTC”) to facilitate electronic clearing and settlement of transfers of its Shares in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a United States company that manages electronic clearing and settlement for publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered to be “DTC eligible”.
DTC eligibility is expected to simplify the process of trading and transferring the Shares and to enhance the liquidity of the Shares in the United States because of the accelerated settlement period and the expected reduction in costs for investors and brokers, enabling the Shares to be traded over a wider selection of brokerage firms.
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. 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 in this news release include, but are not limited to, statements regarding the expected simplification of trading and transferring the Company’s common shares in the United States, that DTC eligibility will enhance liquidity of the Company’s shares in the United States, and the expected reduction in costs for investors and brokers. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, external events or events of third parties beyond the Company’s control which may result in the Company or investors not receiving the expected benefits of DTC eligibility and other risks detailed from time to time in the filings made by the Company with securities regulatory authorities. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. Such statements although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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 press release.
None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or “U.S. persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.