Power One previously was a wholly owned subsidiary of Marvel and pursuant to a plan of arrangement (Spin-Out) in 2021, became a stand-alone reporting issuer with the intention of listing its shares on the
The Company is pleased to announce that Power One's common shares will commence trading on the TSXV on
Power One's focus is on its strategic minerals projects, Pecors Property (
The Pecors Property is located about 115 km west of
Past work by Marvel identified a large anomaly 7kms long by 3kms wide and 2kms deep. It is prospective for copper, nickel and platinum group element (PGE) mineralization. This property was originally explored for uranium, but recent work resulted in the search for base metals instead. The technical report received by Power One recommends a
Capital Structure
Power One has approximately
Listing Application
In connection with Power One's listing on the TSXV, it has prepared and filed on SEDAR+ a Listing Application in the form prescribed by the TSXV. The Listing Application, together with the financial statements, MD&A and technical reports as incorporated by reference therein, provides full details of Power One, its business, management, capital structure and risk factors. Readers are encouraged to review the Listing Application in its entirety.
Grant of Stock Options and RSUs
Marvel has also issued 4 millon incentive stock options and 1 million RSUs to certain officers, directors and consultants of the Company pursuant to its security-based compensation plan. The stock options are exercisable at a price of
About
Marvel, listed on the
Contact:
Tel: 604 716-1036
Email: k@r7.capital
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual future results may differ materially. 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. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
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