AGMR Announces Dtc Eligibility of Its Common Shares
AGMR ANNOUNCES DTC ELIGIBILITY OF ITS
COMMON SHARES
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO
THE UNITED STATES
TORONTO
,
Aug. 2, 2022
/CNW/ - Silver Mountain Resources Inc. ("Silver Mountain", "AGMR", or
the "Company") (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) is pleased to announce that its
common shares (the "Common Shares") are now eligible for electronic clearing and settlement
through the Depository Trust Company ("DTC").
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 Common Shares
and to enhance the liquidity of the Common Shares in
the United States
because of the accelerated
settlement period and the expected reduction in costs for investors and brokers, enabling the
Common Shares to be traded over a wider selection of brokerage firms.
Jean Pierre Fort
, CFO of Silver Mountain stated, "DTC eligibility compliments our recent listing
approval on the OTCQB Venture Market announced on
June 16, 2022
. The listing of AGMR's shares
on the OTCQB and DTC eligibility will significantly increase Silver Mountain's visibility, trading
volume, and will allow us to engage a broader audience of investors in
the United States
."
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to re-commence
production at the Reliquias underground mine and undertake exploration activities at its prospective
silver camps at the Castrovirreyna Project in Huancavelica,
Peru
.
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and
holds more than 28,000 Ha. in the district of Castrovirreyna, in Huancavelica, Peru.
Silver Mountain Resources Inc
82 Richmond Street East
Toronto, ON
M5C 1P1
(647) 262-4017
www.agmr.ca
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "
forward-looking statements
") that relate
to Silver Mountain's current expectations and views of future events. Any statements that express, or
involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result",
"are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated",
"intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. No assurance can be given that these expectations will prove to
be correct and such forward-looking statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors
set forth under "
Statement Regarding Forward-Looking Information"
and "
Risk Factors
" in the
Company's final prospectus dated
January 26, 2022
and other disclosure documents available on
the Company's profile at
www.sedar.com
. Silver Mountain undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as may be required by law. New factors emerge from time to time, and it is not
possible for Silver Mountain to predict all of them, or assess the impact of each such factor or the
extent to which any factor, or combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any forward-looking statements contained in this
news release are expressly qualified in their entirety by this cautionary statement.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE
Silver Mountain Resources Inc.
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For further information:
Alfredo Bazo, President, CEO & Director, [email protected]; Jean Pierre
Fort, Chief Financial Officer, [email protected]
CO: Silver Mountain Resources Inc.
CNW 07:00e 02-AUG-22