Nevada King Commences Trading on OTCQX
Nevada King Commences Trading on OTCQX
VANCOUVER, BC
,
Dec. 2, 2021
/CNW/ -
Nevada King Gold Corp.
(TSXV: NKG) (OTCQX:
VKMTF) ("
Nevada King
" or the "
Company
") is pleased to announce that its common shares have
qualified to trade on the OTCQX® Best Market and will commence trading today under its existing
symbol of "VKMTF".
Nevada King
upgraded to OTCQX from the OTCQB® Venture Market. In
addition, the common shares of the Company will continue to trade on the TSX Venture Exchange
under the symbol "NKG".
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on
www.otcmarkets.com
.
The OTCQX Market, the highest market tier of OTC Markets, is designed for established, investor-
focused U.S. and international companies. To qualify for OTCQX, companies must meet high
financial standards, follow best practice corporate governance and demonstrate compliance with
applicable securities laws. Graduating to the OTCQX Market is anticipated to provide improved
liquidity, an enhanced trading experience for current and potential U.S. investors and expose the
Company to a broader market.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates the OTCQX
®
Best Market, the OTCQB
®
Venture Market and the Pink
®
Open Market for over 11,000 U.S. and global securities. Through its
regulated OTC Link
®
Alternative Trading Systems, the company connects a diverse network of
broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors
to easily trade through the broker of their choice and empowers 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 OTC Markets Group creates better informed and more efficient markets,
visit
www.otcmarkets.com
.
About Nevada King Gold Corp.
Nevada King
is the third largest mineral claim holder in the
State of Nevada
, behind
Nevada Gold
Mines
(Barrick/Newmont) and
Kinross Gold
. Starting in 2016 the Company staked large project
areas hosting significant historical exploration work along the
Battle Mountain
trend located close to
current or former producing gold mines. These project areas were initially targeted based on their
potential for hosting multi-million ounce gold deposits and were subsequently staked following a
detailed geological evaluation. District-scale projects in
Nevada King's
portfolio include (1) the 100%
owned Atlanta Mine, located 100km southeast of
Ely
, (2) the Lewis and Horse Mountain-Mill Creek
projects, both located between
Nevada Gold Mines'
large
Phoenix
and Pipeline mines, and (3) the
Iron Point project, located 35km east of
Winnemucca, Nevada
.
The Atlanta Mine is a historical gold-silver producer with an NI 43-101 compliant pit-constrained
resource of 460,000 oz Au in the measured and indicated category (
11.0M
tonnes at 1.3 g/t) plus an
inferred resource of 142,000 oz Au (
5.3M
tonnes at 0.83 g/t). See the NI 43-101 Technical Report
on Resources titled "Atlanta Property,
Lincoln County, NV
" with an effective date of
October 6,
2020
, and a report date of
December 22, 2020
, as prepared by Gustavson Associates and filed
under the Company's profile on SEDAR (
www.sedar.com
).
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.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of applicable securities legislation.
All statements, other than statements of historical fact, included herein, without limitation,
statements relating the future operations and activities of
Nevada King
, are forward-looking
statements. Forward-looking statements are frequently, but not always, identified by words such as
"expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar
expressions, or statements that events, conditions, or results "will", "may", "could", or" should"
occur or be achieved. Forward-looking statements in this news release relate to, among other
things, liquidity of the common shares of the Company in connection with graduating to the
OTCQX Market and the impact thereon. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon a number of assumptions
and estimates that, while considered reasonable by
Nevada King
, are inherently subject to
significant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance or achievements
to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such factors include, without
limitation, the ability to complete proposed exploration work given the global COVID-19 pandemic,
the results of exploration, continued availability of capital, and changes in general economic,
market and business conditions. Readers should not place undue reliance on the forward-looking
statements and information contained in this news release concerning these items.
Nevada King
does not assume any obligation to update the forward-looking statements of beliefs, opinions,
projections, or other factors, should they change, except as required by applicable securities laws.
SOURCE
Nevada King Gold Corp.
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For further information:
Collin Kettell at [email protected] or (301) 744-8744.
CO: Nevada King Gold Corp.
CNW 07:30e 02-DEC-21