Hertz Energy Clarifies IR Agreement

Rhea-AI Summary

Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QX1) has issued a clarification regarding its investor relations agreement with Outside The Box Capital Inc. (OTBC). The company entered into a one-month marketing and consulting agreement with OTBC, starting September 4, 2024. As part of the agreement, Hertz Energy will:

• Issue OTBC 500,000 options to purchase Hertz Energy shares at $0.085 over two years
• Make a payment of $25,000 upon signing the agreement

OTBC, based in Oakville, Ontario, will provide marketing consulting and investor relations services, including social media and online media distribution. The company has no direct relationship with Hertz Energy beyond this agreement.

Positive

• Engagement of professional marketing and investor relations services to enhance company visibility
• Short-term agreement (1 month) allows for flexibility and performance evaluation

Negative

• Issuance of 500,000 stock options may lead to potential shareholder dilution
• Additional expense of $25,000 for the marketing agreement

Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QX1)  ("Hertz" or the "Company") at the request of the Canadian Securities Exchange, provides the following clarifying news release with respect to the investor relations agreement entered into with Outside The Box Capital Inc.

Outside the Box

The Company announced that it had entered into a marketing and consulting agreement (the "OTBC Agreement") with an arm's length marketing firm, Outside The Box Capital Inc. ("OTBC") of Oakville Ontario, to provide marketing consulting and investor relations services, including marketing services through social media channels and online media distribution.

In connection with the OTBC Agreement, for a term of 1 month starting on September 4, 2024, the Company will issue OTBC 500,000 options to purchase Hertz Energy shares at a price of $0.085 over two years and payments of $25,000 upon signing of agreement. OTBC has its principal place of business at 2202 Green Orchard Place, Oakville, Ontario L6H 4V4. OTBC can be contacted at jason@outsidethebox.capital or by telephone at (289) 259-4455. OTBC has no direct relationship with the Company other than as set out in this press release.

About the Company

The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the AC/DC Lithium Project, and Snake Lithium Project in Jame Bay Québec. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Québec, Canada, just 26kms southeast of the Corvette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Company's Snake Lithium Project is also district scale and located amongst highly prospective projects held by other exploration companies. Hertz Energy's Harriman Antimony Project is its first Antimony property acquisition.

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223896

FAQ

What is the duration of Hertz Energy's (HZLIF) agreement with Outside The Box Capital?

The agreement with Outside The Box Capital is for a term of 1 month, starting on September 4, 2024.

How many stock options did Hertz Energy (HZLIF) issue to Outside The Box Capital?

Hertz Energy issued 500,000 options to Outside The Box Capital to purchase Hertz Energy shares at a price of $0.085 over two years.

What is the upfront payment Hertz Energy (HZLIF) made to Outside The Box Capital?

Hertz Energy made a payment of $25,000 to Outside The Box Capital upon signing the agreement.

What services will Outside The Box Capital provide to Hertz Energy (HZLIF)?

Outside The Box Capital will provide marketing consulting and investor relations services, including marketing through social media channels and online media distribution.