Super Copper Announces DTC Eligibility of Common Shares
Super Copper Announces DTC Eligibility of
Common Shares
VANCOUVER, BC
,
Nov. 26, 2024
/CNW/ -
SUPER COPPER CORP.
(CSE: CUPR) (FSE: N60)
("
Super Copper
" or the
"Company
"), a mining exploration company focused on advancing high-
potential copper assets, is pleased to announce that its common shares are now eligible for
electronic clearing and settlement in
the United States
through the Depository Trust Company
("
DTC
"). DTC eligibility is expected to simplify the process of trading and enhance liquidity of Super
Copper's shares in
the United States
.
DTC eligibility streamlines the trading process, making it more efficient for investors and brokers. As
a subsidiary of the Depository Trust & Clearing Corporation (DTCC), DTC handles electronic
clearing and settlement for publicly traded companies. With DTC eligibility, Super Copper's shares
can now be traded across a wider network of brokerage firms, accelerating the settlement process
and improving access for a broader range of investors.
"Achieving DTC eligibility is a significant step forward for Super Copper, as it simplifies trading for
our U.S. investors and expands access to a broader audience," commented
Zachary Dolesky, CEO
of Super Copper
. "This milestone aligns with our commitment to enhancing liquidity and shareholder
value, making it easier and more efficient for investors to participate in the growth of Super Copper
as we advance our copper exploration business."
Issuance of Options
The Company also announces the issuance of an aggregate of 200,000 options to a consultant of
the Company (the "
Options
"). Each Option allows the holder to purchase one common share of the
Company (the "
Shares
") upon the terms and conditions of the applicable agreement. All of the
Options are exercisable over a five-year term expiring
November 22, 2029
, at a price per Share of
$0.275
.
About Super Copper Corp.
Super Copper is a mining exploration company focused on the acquisition, exploration and
development of copper and precious metal projects. It is currently developing its joint venture in a
prospective Chilean copper property located within the copper-rich Venado Formation in the province
of Atacama,
Northern Chile
, a region with world-class infrastructure and the presence of global
majors. |
www.supercopper.com
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.
Forward Looking Statements
This press release contains certain forward-looking statements, including statements regarding the
anticipated benefits of the Company's DTC eligibility, the expected impact of DTC eligibility on
trading liquidity, and the Company's ability to attract a broader U.S. investor base. Forward-looking
statements include, but are not limited to, statements identified by words such as "expects,"
"anticipates," "believes," "intends," "will," "may," and similar expressions, which are intended to
identify forward-looking statements.
Although the Company believes that its expectations as reflected in these forward-looking
statements are reasonable, such statements involve risks and uncertainties, including but not limited
to general market conditions, investor interest, regulatory changes, and other risk factors that could
cause actual results to differ materially from those anticipated. There is no assurance that the DTC
eligibility will result in improved liquidity or broader investor access as anticipated.
The Company undertakes no obligation to update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise, except as required by applicable law.
Readers are cautioned not to place undue reliance on these forward-looking statements.
SOURCE
Super Copper Corp.
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For further information:
For further information please contact: Zachary Dymala-Dolesky, Chief
Executive Officer, Super Copper Corp., [email protected], Tel: 1 (778) 747-2968
CO: Super Copper Corp.
CNW 09:15e 26-NOV-24