Emperor Shares are Now Listed in the United States on OTCQB with DTC Eligibility for Electronic Clearing and Settlement
Emperor Shares are Now Listed in the United
States on OTCQB with DTC Eligibility for
Electronic Clearing and Settlement
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2023) - Emperor Metals Inc. (CSE: AUOZ)
(OTCQB: EMAUF) (FSE: 9NH) ("
Emperor
") is pleased to announce that its common shares are now
listed for trading in the United States on the OTCQB Venture Market under the symbol "EMAUF". The
Company has additionally secured Depository Trust Company ("DTC") eligibility for its common shares
traded in the United States.
For this listing, the Company profile can be viewed at the OTC Market website at
https://www.otcmarkets.com/stock/EMAUF/quote
where North American and international investors can
find Real-Time level 2 quotes (denominated in US dollars) along with current market information and
Company news. Emperor's common shares will continue to trade in Canada on the Canadian Stock
Exchange (the "CSE") under the symbol "AUOZ" and primary reporting for public disclosure will continue
to be found under the company profile at
www.sedarplus.ca
.
Emperor CEO, John Florek commented: "This initiative will enable shareholders to benefit from the
growing market interest in gold and the Duquesne West Gold Project from US-based retail and
institutional investors as we continue our Advanced AI-Assisted exploration strategy to define a modern
Mineral Resource Estimate (MRE). Our new OTCQB listing with DTC eligibility now provides
exemptions from U.S state securities laws or "Blue Sky" exemptions which will enable US-based
investment advisors to research and recommend investment in Emperor.
It will also enable US-based
investors to execute orders with greater ease on many popular trading platforms such as Fidelity, TD
Ameritrade, Charles Schwab, TradeStation, FirstTrade, Interactive Brokers and E-Trade where access
to Emperor's common shares listed on the CSE may have been limited previously."
About the OTCQB
The OTCQB® Venture Market is recognized by the Securities and Exchange Commission as an
established public market providing public information for analysis. An OTCQB listing offers early-stage
and developing U.S. and international companies the benefits of being publicly traded in the U.S. with
lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable Canadian
companies to provide a strong baseline of transparency to inform and engage U.S. investors. To be
eligible, Canadian companies must be current in their SEDAR reporting and undergo an annual
verification and management certification process. As a verified market with efficient access for U.S.
investors, OTCQB helps companies build shareholder value with the goal of enhancing liquidity and
achieving a fair valuation.
OTC Markets Group Inc. (OTCQX: OTCM), located in New York, N.Y., operates the world's largest
electronic inter-dealer quotation system for broker dealers to trade US-based and global securities. It
operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for over
11,000 U.S. and global securities. Through OTC Link® ATS, it connects a diverse network of broker-
dealers that provide liquidity and execution services, enabling investors to easily trade through the
broker of their choice and empowering companies to improve the quality of information available for
investors. To learn more about how OTC Markets creates better informed and more efficient markets,
visit
www.otcmarkets.com
.
About the Depository Trust Company
The Depository Trust Company is a subsidiary of The Depository Trust & Clearing Corporation and
manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible
to be electronically cleared and settled through the DTC are considered "DTC eligible". This electronic
method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the
settlement process for investors trading the Company's shares on the OTCQB with reduced costs for
U.S. investors and brokers, enabling the Company's common shares to be traded through a much wider
selection of firms through an electronic method of clearing securities.
About the Duquesne West Gold Project
Emperor's flagship Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-
Noranda and 10 km east of the town of Duparquet. The property lies within the historic Duparquet gold
mining camp in the southern portion of the Abitibi Greenstone Belt in the Superior Province.
Under an Option Agreement, Emperor agreed to acquire a one hundred percent (100%) interest in a
mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet
Township of Quebec (the "Duquesne West Property") from Duparquet Assets Ltd., a 50% owned
subsidiary of Globex Mining Enterprises Inc. (GMX-TSX). For further information on the Duquesne West
Property and Option Agreement, see Emperor's press release dated October 12, 2022, available on
SEDAR.
The Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade
of 5.42 g/t Au.
1,2
The mineral resource estimate predates modern CIM guidelines and a Qualified
Person has not reviewed or verified the mineral resource estimate on behalf of Emperor, therefore it is
considered historical in nature and is reported solely to provide an indication of the magnitude of
mineralization that could be present on the property. The gold system remains open for resource
identification and expansion.
Reinterpretation of the existing geological model was completed using Artificial Intelligence (AI) and
Machine Learning. This model shows the opportunity for additional discovery of ounces by revealing gold
trends unknown to previous workers and the potential to expand the resource along significant gold-
endowed structural zones.
1
Watts, Griffis, and McOuat Consulting Geologists and Engineers, Oct 20, 2011, Technical Report and Mineral Resource Estimate Update for the
Duquesne-Ottoman Property, Quebec, Canada for XMet Inc.
2
Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed
prior to the most recent Canadian Institute of Mining and Metallurgy (CIM) standards (2014) and guidelines (2019) for mineral resources. In addition,
the economic factors used to demonstrate reasonable prospects of eventual economic extraction for the MRE have changed since 2011. A qualified
person has not done sufficient work to consider the MRE as a current MRE. Emperor is not treating the historical MRE as a current mineral resource.
The reader is cautioned not to treat it, or any part of it, as a current mineral resource.
QP Disclosure
The technical content for the Duquesne West Project in this news release has been reviewed and
approved by John Florek, M.Sc., P.Geol., a Qualified Person pursuant to CIM guidelines.
About Emperor Metals Inc.
Emperor Metals Inc. is an innovative Canadian mineral exploration company focused on developing
high-quality gold properties situated in the Canadian Shield. For more information, please refer to
SEDAR (
www.sedarplus.com
), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Florek"
John Florek
, M.Sc., P.Geol
President, CEO and Director
Emperor Metals Inc.
For further information, please contact:
Mr. Alex Horsley, Director
Phone:
778-323-3058
Email:
Website:
www.emperormetals.com
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE
CONTENT OF THIS PRESS RELEASE
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE
"FORWARD-LOOKING INFORMATION" AND "FORWARD-LOOKING STATEMENTS" WITHIN THE
MEANING OF APPLICABLE CANADIAN AND UNITED STATES SECURITIES LEGISLATION. THESE
STATEMENTS AND INFORMATION ARE BASED ON FACTS CURRENTLY AVAILABLE TO THE
COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL RESULTS WILL MEET
MANAGEMENT'S EXPECTATIONS. FORWARD-LOOKING STATEMENTS AND INFORMATION MAY
BE IDENTIFIED BY SUCH TERMS AS "ANTICIPATES", "BELIEVES", "TARGETS", "ESTIMATES",
"PLANS", "EXPECTS", "MAY", "WILL", "COULD" OR "WOULD".
FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON
CERTAIN FACTORS AND ASSUMPTIONS REGARDING, AMONG OTHER THINGS, THE
ESTIMATION OF MINERAL RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE
AND RESERVE ESTIMATES, METAL PRICES, TAXATION, THE ESTIMATION, TIMING AND
AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT, CAPITAL AND OPERATING COSTS,
THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY APPROVALS,
ENVIRONMENTAL RISKS, TITLE DISPUTES AND OTHER MATTERS. WHILE THE COMPANY
CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD-
LOOKING STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE
PERFORMANCE AND READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON SUCH
STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER MATERIALLY FROM THOSE
DESCRIBED HEREIN. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ANY FORWARD-
LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQUIRED BY APPLICABLE
SECURITIES LAWS.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/189426