Sierra Madre Announces Dtc Eligibility
SIERRA MADRE ANNOUNCES DTC ELIGIBILITY
Vancouver, British Columbia – January 20, 2022 – Sierra Madre Gold and Silver Ltd. (TSXV: SM,
OTCQB: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that its common
shares are now eligible for electronic clearing and settlement through the Depository Trust
Company ("DTC") in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. 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 "DTC eligible". DTC eligibility
is expected to create a seamless process of trading and enhance liquidity of the Company's
common shares in t he United States over time. The ability to have S ierra Madre ’s shares
electronically cleared and settled in the United States is far more convenient and reduces the
costs incurred in trading shares. With S ierra Madre's shares now traded electronically, exi sting
investors benefit from greater liquidity over time and execution speeds, while new investors are
far less restricted from participating in Sierra Madre’s shares. The DTC is the largest securities
depository in the world and facilitates electronic set tlement of stock certificate transfers in the
United States. This electronic method of clearing securities accelerates the settlement process
for investors and brokers.
Alexander Langer, President & CEO of Sierra Madre stated, “ DTC eligibility compliments our
recent listing approval on the OTCQB® Venture Marketplace announced on December 8, 2021.
We believe we should now be able to further enhance our sizable and increasing US investor
base.”
About Sierra Madre
Sierra Madre Gold and Silver Ltd. is a mineral exploration company, currently focused on the
acquisition, exploration and development of the Tepic and La Tigra Properties in Nayarit, Mexico.
The Company has an experienced management team with a proven trac k record of wealth
creation in Mexico through project discovery, advancement, and monetization. Sierra Madre’s
key objective is to advance exploration on the Tepic and La Tigra Properties to determine whether
they contain commercially exploitable deposits of precious or base metals.
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
“Alexander Langer”
Alexander Langer
President, Chief Executive Officer and Director
Contact:
Cautionary Note
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 news release.
This press release contains "forward -looking information" and "forward -looking statements"
within the meaning of applicable securities legislation. The forward-looking statements herein are
made as of the date of this press release only, and the Company does not assume any obligation
to update or revise them to reflect new information, estimates or opinions, future events or results
or otherwise, except as required by applicable law. Often, but not always, forward -looking
statements can be iden tified by the use of words such as "plans", "expects", "is expected",
"budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets",
"aims", "anticipates" or "believes" or variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that certain actions "may", "could",
"should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information
in this press release includes, but is not limited to, statements with respect plans for the La Tigra
property, including the prospect of preparing a technical report containing a mineral resource
estimate. Forward -looking statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the ability of the Company to control
or predict, that may cause the Company’s actual results, performance or achievements to be
materially different from those expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set out herein, including, but not
limited to, the risk that the La Tigra Property may not yield the results expected and the general
risk factors related to exploration and development as are set out u nder the heading "Risk
Factors" in the Company's final long form non-offering prospectus dated March 31, 2021 available
for review on the Company's profile at www.sedar.com. Such forward -looking information
represents management's best judgment based on in formation currently available. No forward -
looking statement can be guaranteed and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements or information.