Golden Independence Announces Listings on US and Frankfurt Exchanges
GOLDEN INDEPENDENCE ANNOUNCES LISTINGS ON US AND FRANKFURT
EXCHANGES
Vancouver, British Columbia –October.22, 2020 – Golden Independence (CSE:
IGLD, FRA:6NN) (the “Company”) is pleased to announce it has successfully listed its
shares on the Frankfurt Stock Exchange under the symbol 6NN and in the United
States on the OTC Markets under the symbol GIDMF.
The listing of the Company's shares on the Frankfurt Stock Exchange will broaden the
corporation's shareholder base in Europe and increase trading activity in its shares,
while at the same time facilitating investment in Golden Independence by the European
investing community.
The Frankfurt Stock Exchange is the world's third largest organized exchange trading
market in terms of turnover and dealing in securities. Only the NASDAQ and the New
York Stock Exchanges are larger. The electronic trading platform of the Frankfurt Stock
Exchange, XETRA has made it the world's second largest fully electronic cash market.
The listing of the Company’s shares on the OTC Markets will broaden the corporation’s
shareholder base in the USA, with a strong US market appeal given the project’s
location in Nevada, increasing its trading activity and facilitating participation by US-
based investors. The shares are currently listed on the OTC Markets PINK sheets and
the Company is currently upgrading to the OTCQB Venture Market and seeking The
Depositary Trust Company ("DTC") eligibility.
Tim Henneberry, CEO & Director, stated “The intention to list on both the Frankfurt and
US markets was to improve liquidity, broadening the Company’s exposure to these
large, mining-focused markets, in addition to building shareholder value. Given the
Independence Project’s location in one of the top global mining jurisdictions, the state
of Nevada, and the advanced nature of the project with the significant amount of past
exploration, we believe this story will be well received in these markets and in the
context of the other junior exploration and development peers.”
Corporate Update
On October 21, 2020, The Company granted stock options (“Options”) to purchase an
aggregate of up to 300,000 common shares in the capital of the Company (“Common
Shares’) for a period of three years with an exercise price per Common Share of .50
The options were granted to several of the Company’s directors, employees, and
consultants.
About Golden Independence Mining Corp.
Golden Independence Mining Corp. is an exploration company currently focused on
exploring the advanced-stage Independence Gold Property located in the Battle
Mountain-Cortez Trend, Nevada and the Champ precious metal property near
Castlegar, British Columbia. The Independence Gold Property benefits from over
US$25 million in past exploration, including over 200 holes drilled, and is located
adjacent to Nevada Gold Mines’ Phoenix-Fortitude mining operations in the Battle
Mountain-Cortez trend of Nevada.
FOR FURTHER INFORMATION PLEASE CONTACT:
R. Tim Henneberry, Chief Executive Officer
Telephone: 1.250.715.5329 Email: [email protected]
Forward Looking Information
This press release contains forward-looking information (within the meaning of
applicable Canadian securities legislation) that involves various risks and uncertainties
regarding future events. Such forward-looking information includes statements based
on current expectations involving a number of risks and uncertainties and such forward-
looking statements are not guarantees of future performance of the Company, and
include, without limitation, statements relating to plans and results of exploration and
the magnitude and quality of the Independence Property, the Company’s near term
exploration plans and the preparation of an updated mineral resource statement for the
Independence Property. There are numerous risks and uncertainties that could cause
actual results and the Company's plans and objectives to differ materially from those
expressed in the forward-looking information in this news release, including without
limitation, the following risks and uncertainties; (i) risks inherent in the mining industry;
(ii) regulatory and environmental risks; (iii) results of exploration activities and
development of mineral properties and the risk that such results cause the Company to
elect to terminate the Option Agreement; (iv) risks relating to the estimation of mineral
resources; (v) stock market volatility and capital market fluctuations; and (vi) general
market and industry conditions. Actual results and future events could differ materially
from those anticipated in such information. This forward-looking information is based
on estimates and opinions of management on the date hereof and is expressly qualified
by this notice. Risks and uncertainties about the Company's business are more fully
discussed in the Company's disclosure materials filed with the securities regulatory
authorities in Canada at www.sedar.com. The Company assumes no obligation to
update any forward-looking information or to update the reasons why actual results
could differ from such information unless required by applicable law.