Silver Dollar Resources Inc. Responds to OTC Markets Request on Recent Promotional Activity
FOR IMMEDIATE RELEASE
Silver Dollar Resources Inc. Responds to OTC
Markets Request on Recent Promotional Activity
VANCOUVER, BC – January 7, 2021 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB:
SLVDF) (“Silver Dollar” or the “Company”) announces that it has been requested by OTC
Markets Group Inc. ("OTC Markets") to issue this statement about promotional activity concerning
its common stock.
On Tuesday, January 5, 2021, OTC Markets informed the Company that it became aware of certain
promotional activities concerni ng the Company and its common st ock traded on the OTCQB
Marketplace, including the distr ibution of two promotional news letter emails published by
CrushTheStreet.com (“CTS”) and Wealth Research Group (“WRG”) discussing the emerging bull
market for commodities, particularly silver, and citing the Com pany in both publications. OTC
Markets provided examples of the promotional material for reference.
Both CTS and WRG are third-party marketing and advertising firms retained by the Company to
provide content distribution and advertising services. Each of the newsletters presented factual
statements regarding the silver market and indicated the Company’s potential for growth as a result
of the Company’s advanced stage La Joya Silver Project in Duran go, Mexico. The Company
provided CTS and WRG publicly available source information for the newsletters and did have
editorial control over the materials, including reviewing the materials for factual accuracy prior to
their dissemination.
The Company does not believe the s tatements in the newsletters were false or misleading. The
Company has been advised by OTC Markets that OTC Markets takes the position that aspects of
the statements were overly promotional. The Company wishes to c aution readers that these
statements are speculative in nature. For more complete and spe cific information regarding the
Company, its prospects and the risks associated with those pros pects, readers should consult the
Company’s public filings on SEDAR, its website and other reliab le sources. The Company
encourages investors to contact their investment advisors prior to making any investment.
Further, the Company understand s this promotional activity may have coincided with increased
trading activity in the Compa ny's common shares beginning on or about January 4, 2021. The
Company does not believe the promotional activities were a factor in the recent increase in trading
volume in the Company’s common shares. Instead, the Company attributes the increase to currently
heightened interest in development-stage mineral projects, particularly gold and silver.
After an inquiry by management, none of the Company's executive officers, directors or, to the
knowledge of the Company, any controlling shareholders, except as outlined below, sold or
purchased shares of common stock of the Company within the past 90 days.
Within the past 90 days, Mr. Joseph Jerome Smulders and Mr. Gar ry Clark, directors of the
Company, sold shares in the context of the market and made all required securities filings in
connection with such trades. Further information on these transactions can found at www.sedi.ca.
In the last twelve months, the Company has engaged Joseph Culle n, Gold Standard Media LLC,
Future Money Trends LLC, Wallace Hill Partners Ltd., Pinnacle A d Network and David Skarica
to provide investor relations, public relations services, marketing or other related services.
The OTC Markets has further requested that the Company state whether it has issued any shares or
convertible instruments allowing conversion to equity securities at prices constituting a discount to
the current market rate at the time of the issuance. The Compan y represents, as disclosed in its
public filings on SEDAR and allowed under the policies of the Canadian Securities Exchange, that
is has issued common shares at a discount to the market price a t the time of the offering, as more
fully described below.
On September 17, 2020, pursuant to a private placement the Comp any issued 7,500,000 common
shares at a price of $1.40 per co mmon share. The market price of the Company’s common shares
on September 17, 2020 was $1.70. On December 29, 2020, pursuant to a private placement the
Company issued 400,000 common shares at a price of $1.40 per common share. The market price
of the Company’s common shares on December 29, 2020 was $1.77.
About Silver Dollar Resources Inc.
Silver Dollar Resources Inc. is a mineral exploration company f ocused on creating shareholder
value by finding and developing economic precious and base metal deposits. Having completed its
initial public offering in May 2020, the Company trades on the Canadian Securities Exchange under
the symbol "SLV". Silver Dollar’s projects are located in two o f the prolific mining jurisdictions
in the world and include the adva nced exploration/development s tage La Joya Silver Project in
Durango, Mexico, and the discovery-stage Pakwash Lake and the L onglegged Lake properties in
the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy
and is actively reviewing projec ts in mining-friendly jurisdict ions internationally for potential
acquisition.
For additional information, you ca n visit our website by clicki ng here, download our latest
presentation by clicking here and you can follow us on Twitter by clicking here.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613 | Email: [email protected]
108 – 800 Kelly Road, Suite 416, Victoria, BC, V9B 6J9