Kenorland Minerals Obtains DTC Eligibility in the US
Kenorland Minerals Obtains DTC Eligibility in the
US
VANCOUVER, BC
,
Sept. 24, 2021
/CNW/ -
Kenorland Minerals Ltd.
(TSXV: KLD) (OTCQX: NWRCF) (FSE:
3WQ0) ("
Kenorland
" or "
the
Company
") today announced that its common shares received approval from
The Depository Trust Company ("
DTC
") of New York, NY and are now DTC eligible.
DTC eligibility allows the Company's shares to be more easily and economically transferred between
brokerage accounts electronically within the
United States
. DTC is the largest securities depository in the
world, providing clearing and settlement efficiencies for brokers, as well as various other services.
With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also
opens the door to new investors that may have been previously restricted from the Company's common
shares and simplifies the process of trading the common shares in
the United States
.
About Depository Trust Company (DTC)
Depository Trust Company (DTC) was founded in 1973 and is a New York corporation that performs the
functions of a Central Securities Depository as part of the US National Market System. DTC manages the
electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically
cleared and settled through DTC are considered to be "DTC eligible." DTC annually settles transactions worth
hundreds of trillions of dollars, processes hundreds of millions of book-entry deliveries, and custodies millions
of securities issues worth tens of trillions of dollars issued in the United States and over 100 other countries.
Since 1999 it has been a subsidiary of the Depository Trust & Clearing Corporation, a securities holding
company.
About Kenorland Minerals
Kenorland Minerals Ltd. (TSX.V KLD) is a mineral exploration Company incorporated under the laws of the
Province of
British Columbia
and based in
Vancouver, British Columbia
, Canada. Kenorland's focus is early to
advanced stage exploration in North America. The Company currently holds three projects in
Quebec
where
work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is
held under joint venture with Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi Project is optioned to
SMMCL, and the Chebistuan Project is optioned to Newmont Corporation. The Company also owns 100% of
the advanced stage Tanacross porphyry Cu-Au project as well as an option to earn up to 70% from Newmont
Corporation on the Healy Project, both located in
Alaska, USA
.
Further information can be found on the Company's website
www.kenorlandminerals.com
Kenorland Minerals Ltd.
Zach Flood
President and CEO
Tel: +1 604 363 1779
Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
Cautionary Statement Regarding Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-
looking statements") within the meaning of applicable securities laws. All statements, other than statements
of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified
by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions, events or results "may", "could", "would",
"might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and
other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with
Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward-looking statements. Although the
Company believes that the assumptions and factors used in preparing these forward-looking statements are
reasonable based upon the information currently available to management as of the date hereof, actual
results and developments may differ materially from those contemplated by these statements. Readers are
therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this
news release, and no assurance can be given that such events will occur in the disclosed times frames or at
all. Except where required by applicable law, the Company disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the 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.
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SOURCE
Kenorland Minerals Ltd.
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%SEDAR: 00050818E
CO: Kenorland Minerals Ltd.
CNW 08:25e 24-SEP-21