Heliostar Announces Upgrade to OTCQX Market Under Symbol HSTXF
1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, US: HSTXF, FRA: RGG
Heliostar Announces Upgrade to OTCQX Market Under
Symbol HSTXF
Vancouver, Canada, February 1 7th, 2021 – Heliostar Metals Limited (TSX.V: HSTR, US: HSTXF, FRA: RGG)
("Heliostar" or the "Company") is pleased to announce today that the company has qualified to trade on the
OTCQX® Best Market. The company has upgraded to the OTCQX from the OTCQB® Venture Market.
Heliostar will begin trading today under the symbol “HSTXF” replacing the previous Venture Market symbol of
“RGCTF”. U.S. investors can find current financial disclosure and Real -Time Level 2 quotes for the company on
www.otcmarkets.com.
Heliostar CEO, Charles Funk, commented “Graduating to the OTCQX highlights the recent growth at Heliostar as
we progress our high -grade gold projects in Alaska and Mexico. In Alaska, the Unga project contains 384,318
ounces of gold at 13.8g/t which is open to expand and the company plans to aggressively explore the project in
2021 with an initial goal of defining resources in excess of one million ounces. The upgraded listing will make it
easier for US based investors to buy into a high-grade, American gold project with a dynamic future.”
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for
OTCQX, companies must meet high financial standards, follow best practice corporate governance, and
demonstrate compliance with applicable securities laws. Graduating to the OTC QX Market from the OTCQB
Market marks an important milestone for companies, enabling them to demonstrate their qualifications and
build visibility among U.S. investors.
Burns, Figa & Will PC acted as the company’s OTCQX sponsor.
About Heliostar Metals Ltd.
Heliostar is a well -financed junior exploration and development company with a portfolio of high -grade gold
projects in Alaska and Mexico. The company’s flagship asset is the 100% controlled Unga Gold Project on Unga
and Popof Islands in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within
the district-scale property that encompasses 240km 2 across the two islands. Additional targets on the property
include porphyry, high sulphidation and intermediate sulphidatio n epithermal veins. On Unga Island, priority
targets include: the SH -1 and Aquila, both on the Shumagin Trend, the former Apollo -Sitka mine, which was
Alaska’s first underground gold mine and the Zachary Bay porphyry gold -copper prospect. Gold mineralization
at the Centennial Zone is located on neighbouring Popof Island within four kilometres of infrastructure and
services at Sand Point.
In Mexico, the company owns 100% of three early stage epithermal projects in Sonora that are highly prospective
for gold and silver. Cumaro forms part of the El Picacho district, while the Oso Negro and La Lola projects are
also prospective for epithermal gold-silver mineralization.
TSX.V: HSTR
OTCQX: HSTXF
1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, US: HSTXF, FRA: RGG
Investor Relations Agreement
The Company would also like to announce that it has retained Star Finance GmbH (“Star”) to provide investor
relations services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange
(“TSXV”) and other applicable legislation. Star will receive a total payment of EUR$90,000 over six months.
For additional information please contact:
Charles Funk
Chief Executive Officer
Heliostar Metals Limited
Email: [email protected]
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information. This release include s certain statements that may be deemed "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", "intend s", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "would", "may", "could" or "should" occur.
Forward-looking statements in this press release include Heliostar’s plans to continue aggressive exploration at
Unga in 2021 and its goal of defining a resource in excess of one million ounces, its plan to continue infill drilling
to expand to depth where the system remains open, and its belief that the SH -1 prospect has considerable
potential for expansion. Although H eliostar believes that the expectations expressed in such forward -looking
statements are based on reasonable assumptions, such statements are not a guarantee 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, exploitation
and exploration successes, weather, 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 st atements 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.