Outback to List ON the TSX Venture Exchange (
OUTBACK TO LIST ON THE TSX VENTURE
EXCHANGE
(
CSE: OZ, OTCQB: OZBKF, FSE: S600)
VANCOUVER, BC
,
Jan. 4, 2022
/CNW/ -
Outback Goldfields Corporation (the "Company" or
"Outback") –
(CSE: OZ) (OTCQB: OZBKF) announces that it has received final approval from the
TSX Venture Exchange (the "TSXV") for the listing of its common shares thereon. The Company's
common shares will commence trading on the TSXV at the market open on
January 6
th
, 2022 with
the trading symbol "OZ".
"Listing on the TSX Venture Exchange is another important milestone for the Company, and we
believe the listing will increase the Company's visibility in the capital markets both domestically and
globally," commented
Chris Donaldson
, Outback CEO. "The Company is eager to continue its
exploration program later this month in the Victorian Goldfields of
Australia
."
In connection with the listing of its common shares on the TSXV, the Company has submitted a
request to voluntarily delist its common shares from the Canadian Securities Exchange (the "CSE").
The CSE delisting is expected to be effective at the close of the market on
January 5
th
, 2022. The
Company's trading symbol "OZ" will remain unchanged and shareholders will not be required to take
any action in connection with the TSXV listing. The Company's shares will also continue to be listed
on the OTCQB under the symbol "OZBKF" and on the FSE under the symbol "S600".
Community Engagement
Outback recognises the importance of open and honest community engagement in all our exploration
activities. We approach all our exploration activities in a sustainable manner and ensure our
activities comply with the Victorian Code of Practice for Mineral Exploration. As such, community
consultation with local landowners has commenced well and is ongoing.
About Outback Goldfields Corp.
Outback Goldfields Corp. is a well-financed exploration mining company holding a package of four
highly prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in
Victoria, Australia
. The initial Phase exploration program is underway on three of the four company
properties. The Goldfields of
Victoria, Australia
are in the midst of a modern-day gold rush and are
home to some of the highest grade and lowest cost mining in the world.
Outback Goldfields is backed by the Inventa Capital group (
www.inventacapital.ca
).
~signed
Chris Donaldson
, CEO and Director
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under
applicable Canadian securities laws. When used in this news release, the words "anticipate",
"believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and
similar words or expressions, identify forward–looking statements or information. These forward–
looking statements or information relate to, among other things: the development of the Company's
mineral projects, including drilling programs and mobilization of drill rigs; and future mineral
exploration and development.
Forward–looking statements and forward–looking information relating to any future mineral
production, liquidity, enhanced value and capital markets profile of Outback, future growth potential
for Outback and its business, and future exploration plans are based on management's reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management's
experience and perception of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the circumstances, but which may
prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold
and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and
development; the estimated costs of development of exploration projects; Outback's ability to
operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Outback's respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered
reasonable by management, 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 or forward-looking information and Outback has made assumptions and estimates based
on or related to many of these factors. Such factors include, without limitation: the Company's
dependence on one mineral project; precious metals price volatility; risks associated with the
conduct of the Company's mining activities in
Australia
; regulatory, consent or permitting delays;
risks relating to reliance on the Company's management team and outside contractors; risks
regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all
risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure
to generate sufficient cash flow from operations; risks relating to project financing and equity
issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves
and resources, metallurgical recoveries and capital and operating costs of such projects; contests
over title to properties, particularly title to undeveloped properties; laws and regulations governing
the environment, health and safety; the ability of the communities in which the Company operates to
manage and cope with the implications of COVID-19; the economic and financial implications of
COVID-19 to the Company; operating or technical difficulties in connection with mining or
development activities; employee relations, labour unrest or unavailability; the Company's
interactions with surrounding communities and artisanal miners; the Company's ability to successfully
integrate acquired assets; the speculative nature of exploration and development, including the risks
of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among
certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and
the factors identified under the caption "Risk Factors" in Outback's management discussion and
analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or
forward-looking information. Although Outback has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause results not to be
anticipated, estimated or intended. Outback does not intend, and does not assume any obligation, to
update these forward–looking statements or forward-looking information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements or
information, other than as required by applicable law.
SOURCE
Outback Goldfields Corp.
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For further information:
Investor Relations and Corporate Enquiries: Email:
[email protected], Tel: +1.604.900.3450
CO: Outback Goldfields Corp.
CNW 13:30e 04-JAN-22