Los Andes Copper Starts Trading on the OTCQX
Los Andes Copper Starts Trading on the
OTCQX
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2021) - Los Andes Copper Ltd. (TSXV:
LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that it has begun trading
on the OTCQX® Best Market. Los Andes upgraded to OTCQX from the Pink® market.
The Company begins trading today on OTCQX under the symbol "LSANF."
U.S. investors can find
current financial disclosure and Real-Time Level 2 quotes for the Company on
www.otcmarkets.com
.
Upgrading to the OTCQX Market is an important step which will provide transparent trading for U.S.
investors.
For companies listed on a qualified international exchange, streamlined market standards
enable them to utilize their home market reporting to make their information available in the U.S. To
qualify for OTCQX, Los Andes must meet high financial standards, follow best practice corporate
governance and demonstrate compliance with applicable securities laws.
Dorsey & Whitney LLP acted as the Company's OTCQX sponsor.
R. Michael Jones, CEO of Los Andes, commented
:
"We are pleased to begin trading on the OTCQX as we advance our Vizcachitas copper project towards
pre-feasibility. Copper is of increasing interest to investors as a result of the growing requirement to
move towards electrification. We plan to increase the Company's profile as we advance the technical
studies at the Vizcachitas copper mine."
About OTC Markets Group Inc.
OTC Markets Group Inc.
operates the OTCQX® Best Market, the OTCQB® Venture Market and the
Pink® Open Market for over 11,000 U.S. and global securities.
Through our regulated OTC Link®
Alternative Trading Systems, the Company connects a diverse network of broker-dealers that provide
liquidity and execution services.
We enable investors to easily trade through the broker of their choice
and empower companies to improve the quality of information available for their investors.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC
Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit
www.otcmarkets.com
.
For more information please contact
:
Fernando Porcile, Executive Chairman
Tel: +56 2 2954-0450
Antony J. Amberg, Chief Geologist
Tel: +56 2 2954-0450
Blytheweigh, Financial PR
Megan Ray
Rachael Brooks
Tel: +44 207 138 3203
E-Mail:
or visit our website at:
www.losandescopper.com
Follow us on Twitter
@LosAndesCopper
Follow us on LinkedIn
Los Andes Copper Ltd
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the
Vizcachitas Project in Chile. The Company is focused on progressing the Project, which is located along
Chile's most prolific copper belt, into production. Vizcachitas is one of the largest copper deposits in the
Americas not controlled by the majors and the Company believes it will be Chile's next major copper
mine.
The Project is a copper-molybdenum porphyry deposit, located 120 kilometres north of Santiago, in an
area of very good infrastructure. The Company's Preliminary Economic Assessment (the "PEA"),
delivered in June 2019, highlights that the Project has a post tax NPV of $1.8 billion and an IRR of
20.77%, based on a $3 per pound copper price. It also has a Measured Resources of 254.4 million
tonnes having a grade of 0.439% copper and Indicated Resource of approximately 1.03 billion tonnes
having a grade of 0.385% copper. Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Please refer to the technical report dated June 13, 2019, with an
effective date of May 10, 2019 and titled "Preliminary Economic Assessment of the Vizcachitas Project",
prepared by Tetra Tech.
The PEA is preliminary in nature, it includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them to
be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
Certain of the information and statements contained herein that are not historical facts, constitute
"forward-looking information" within the meaning of the Securities Act (British Columbia), Securities
Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking Information").
Forward-Looking
Information is often, but not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or
"may", "will", "should", "could", or might" occur or be achieved; and, other similar expressions.
More
specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company, or industry
results, to be materially different from any future results, performance or achievements expressed or
implied by such Forward-Looking Information; including, without limitation, Spinnaker's ability to raise
capital, target and attract institutional and retail investors and focus on developing and expanding the
network of investors, analysts and financial intermediaries who are interested in Los Andes. Such
Forward-Looking Information is based upon the Company's assumptions regarding global and
Chilean economic, political and market conditions and the price of metals and energy, and the
Company's production.
Among the factors that have a direct bearing on the Company's future results
of operations and financial conditions are changes in project parameters as plans continue to be
refined, a change in government policies, competition, currency fluctuations and restrictions and
technological changes, among other things.
Should one or more of any of the aforementioned risks
and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may
vary materially from any conclusions, forecasts or projections described in the Forward-Looking
Information.
Accordingly, readers are advised not to place undue reliance on Forward-Looking
Information.
Except as required under applicable securities legislation, the Company undertakes no
obligation to publicly update or revise Forward-Looking Information, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/104976