PowerStone Metals Announces OTCQB Listing
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PowerStone Metals Announces OTCQB Listing
VANCOUVER, British Columbia – June 20, 2023 - PowerStone Metals Corp. (CSE: PS) (OTCQB: PWMCF)
(FSE: W0R) ("PowerStone" or the "Company") is pleased to announce that the Company’s common shares
(the “Shares”) have commenced trading on the OTCQB Venture Market (the "OTCQB") at the market open
on June 20, 2023 under the symbol "PWMCF".
"Today's news is an important milestone towards broadening our market presence across the United
States," said Ray Harari, CEO of PowerStone. "Listing on the OTCQB positions PowerStone with increased
visibility among the American investment community and improved liquidity for our current and
prospective shareholders."
Additionally, the Company is applying for eligibility for book-entry delivery and depository services of the
Depository Trust Company (" DTC"), to facilitate electronic settlement of transfers of its Shares in the
United States. This electronic method of clea ring securities expedites the receipt of stock and cash and
accelerates the settlement process for investors. DTC eligibility will help enhance the Company's potential
investor base and offer a more convenient trading experience for current and future shar eholders while
enhancing the liquidity of the Shares on the OTCQB.
The Shares will continue to trade on the Canadian Securities Exchange (the “CSE”) under the symbol "PS"
and on the Frankfurt Stock Exchange under the symbol "W0R".
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, pleas e
visit www.powerstonemetals.com.
About OTCQB Venture Market
The OTCQB, operated by OTC Markets Group Inc., is designed for developing and entrepreneurial
companies in the United States and abroad. Companies must be current in their financial reporting and
undergo an annual verification and management certification process, including meeting a minimum bid
price and other financial conditions. With more compliance and quality standards, the OTCQB provides
investors improved visibility to enhance trading decisions. The OTCQB is recognized by the United States
Securities and Exchange Commission as an established public market providing public inf ormation for
analysis and value of securities.
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Contact Information
Raymond Harari
Chief Executive Officer, PowerStone Metals Corp.
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 actua l 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 materia lly 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