PowerStone Metals Announces Electronic Clearing and Settlement by Depository Trust Company
PowerStone Metals Announces Electronic
Clearing and Settlement by Depository Trust
Company
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - PowerStone Metals Corp. (CSE: PS)
(OTCQB: PWMCF) (FSE: W0R) ("
PowerStone
" or the "
Company
") is pleased to announce that
effective July 14, 2023 the Company's common shares (the "
Shares
") are now eligible for electronic
clearing and settlement through the Depository Trust Company ("
DTC
") in the United States.
"With DTC eligibility, existing American investors may benefit from greater liquidity and execution
speeds. This also opens the door to new investors that may have been previously restricted from trading
in our Shares and simplifies the process of trading our Shares in the United States," stated Raymond
Harari, CEO of PowerStone. "The anticipated liquidity increase is expected to provide current and
prospective US investors further opportunities to participate in PowerStone's growth."
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that 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 eligibility is
expected to create a seamless electronic trading process and thereby enhance the liquidity of the
Company's Shares.
About PowerStone Metals Corp.
PowerStone is a mineral exploration company focused on the identification and exploration of high-
quality critical metals assets, in favorable mining jurisdictions, to help meet the increasing demand of
metals required for the transition to a green economy. PowerStone is currently exploring the Chilton
Cobalt Property, a prospective cobalt asset located in Quebec, Canada. The Company may also
evaluate the acquisition of other mineral exploration assets and opportunities.
For more information,
please visit
www.powerstonemetals.com
.
Contact Information
Raymond Harari
Chief Executive Officer, PowerStone Metals Corp.
e:
t: 507-6675-2221
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking information" as that term
is defined in applicable Canadian securities legislation. Forward-looking information by its nature is
based on assumptions and involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by such forward-looking
statements or information. We have made certain assumptions about the forward-looking statements
and information. Although PowerStone's management believes that the assumptions made and the
expectations represented by such information are reasonable, there can be no assurance that the
forward-looking information will prove to be accurate. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking statements or information. These
risks, uncertainties and other factors include, the possibility that a liquid market for PowerStone's Shares
will not develop and that it will be unsuccessful in attracting new investors to support the development of
its business and those factors discussed in the section entitled "Risk Factors" in PowerStone's final long
form prospectus filed on SEDAR. There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-
looking statements or information contained herein. The Company does not undertake to update
forward-looking statements or forward-looking information, except as required by law.
The CSE has in no way passed upon the merits of the business of the Company and has neither
approved nor disapproved the contents of this news release and accepts no responsibility for the
adequacy or accuracy hereof.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/173642