Stuhini Exploration Announces OTCQB Listing and DTC Eligibility
Stuhini Exploration Announces OTCQB Listing
and DTC Eligibility
VANCOUVER, BC
,
Sept. 6, 2023
/CNW/ - Stuhini Exploration Ltd. ("
Stuhini
" or the "
Company
")
(TSXV: STU) (OTCQB: STXPF) is pleased to announce that its common shares are now quoted for
trading on the OTCQB venture market (the "
OTCQB
") under the symbol "STXPF". The Company
has also received The Depository Trust Company (the "
DTC
") eligibility in
the United States
, thus
allowing the Company's stock to be more easily traded by and accessible to US institutional and
retail investors.
Dave O'Brien
, Company President and CEO stated: "We have experienced strong US investor
interest over the past year, with several US based investors participating in our most recent
financing. Accordingly, we are pleased to have been quoted for trading on the OTCQB Venture
Market and to have received DTC eligibility, both of which will aid in our goal of increased visibility
and share liquidity for both existing and new US based shareholders."
The OTCQB allows early stage and developing companies the benefit of being publicly traded in
the
United States
. Eligible companies must be current in their financial reporting, pass a minimum bid
test and undergo an annual verification and management certification process.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US based 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".
The Company also announces it has recently joined the International Molybdenum Association (the
"
IMOA
") and Company chairman
Tony Fogarassy
is presently attending and representing Stuhini at
the 2023 IMOA Annual General Meeting being held in
Santiago Chile
. The IMOA is non-profit trade
association representing the molybdenum industry.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on the exploration and development of precious
and base metals properties in western
Canada
and south-western
USA
. The Company's portfolio of
exploration properties includes: its flagship, the Ruby Creek Project located approximately 14 km
east of
Atlin, BC
; the Que Project located approximately 70 km north of Johnson's Crossing in the
Yukon
; the South Thompson Project located approximately 35 km northwest of
Grand Rapids,
Manitoba
; the Big Ledge Property located approximately 57 km south of
Revelstoke, BC
; and a
portfolio of properties in south-east
Arizona
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains "forward
looking information" within the meaning of Canadian securities
laws, which may include, but are not limited to statements relating to increased visibility and share
liquidity in
the United States
. All statements in this release, other than statements of historical facts,
that address events or developments that the Company expects to occur, are forward-looking
statements. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the forward-looking statements.
Factors that could cause the actual results to differ materially from those in forward-looking
statements include regulatory actions, fluctuations in metal and commodity prices, market prices and
exchange rates, failure to obtain permits, and continued availability of capital and financing, and
general economic, market or business conditions. Such forward-looking information reflects the
Company's views with respect to future events and is subject to risks, uncertainties and
assumptions, including those set out in the Company's prospectus. Investors are cautioned that any
such statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking statements. There can be no assurance
that any 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 or information.
Accordingly, readers should not place undue reliance on forward-looking statements or information.
Except as required by applicable securities laws, the Company undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or opinions, or
other factors, should change.
SOURCE
Stuhini Exploration Ltd.
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For further information:
David O'Brien, President & Chief Executive Officer, Telephone: (604) 835-
4019, Email: [email protected]
CO: Stuhini Exploration Ltd.
CNW 08:30e 06-SEP-23