Nicola Mining Lists on OTCQB and Receives DTC Eligibility
Nicola Mining Lists on OTCQB and Receives
DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) -
Nicola Mining Inc. (
TSXV: NIM
)
(
FSE: HLI
) (the "
Company
" or "
Nicola
") is pleased to announce that it has obtained Depository Trust
Company
[1]
("
DTC")
eligibility in the United States.
The Company is also pleased to announce that its
shares had been listed for quotation in the United States on the OTCQB operated by the OTC Markets
Group Inc. (the "
OTCQB
") under the ticker HUSIF.
The Company retained the financial consultant firm of OTC Advisory Services, Inc. to pursue its listing on
the OTCQB.
Nicola Mining currently trades on the TSX Venture Exchange under the ticker symbol NIM
and on the Frankfurt Exchange under the symbol HLI.
The expanded listing to the OTCQB broadens
investor accessibility to include investors in the United States.
DTC eligibility means that Nicola's shares are now eligible to be transferred between brokerage
accounts within the United States and significantly augments the ease in which American-based
investors are able to trade the Company's shares.
The DTC is the largest securities depository in the
world and holds an aggregate value of over fifty four trillion US dollars of securities
[2]
and completes
approximately 1.4 million settlement-related transactions per day, with a value of approximately $600
billion.
DTC provides settlement services for virtually all equity debt trades and Money Market
Instruments in the U.S. Only DTC participants are eligible for DTC clearance, a status that simplifies
equity, debt, and Money Market transactions for US-based investors.
Having Nicola's shares listed for quotation on the OTCQB allows the shares to be traded in the United
States and DTC eligibility simplifies such transactions for American-based investors.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX Venture and Frankfurt Exchanges that
maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed
Mining and Milling Profit Share Agreements with high grade gold projects. Nicola's fully-permitted mill
can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an
area of 10,084 hectares along the southern end of the Guichon Batholith and is adjacent to Teck
Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine.
The Company also owns
100% of the Treasure Mountain Property, consisting of 29 mineral tenures covering 2178 hectares (ha)
and a mining lease covering 335 ha.
On behalf of the Board of Directors
"
Peter Espig
"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email:
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
.
[1]
Source: https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation
[2]
Source: https://www.dtcc.com/about/businesses-and-subsidiaries/dtc
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/101708