Sierra Madre Announces Dtc Eligibility
SIERRA MADRE ANNOUNCES DTC ELIGIBILITY
Vancouver, British Columbia – September 28, 2023 – Sierra Madre Gold and Silver Ltd (TSX -V:
SM; OTCQX: SMDRF) ("Sierra Madre" or the "Company"), a precious metals development
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
eligibility is expected to create a seamless process of trading and enhance liquidity of the
Company's common shares in the United States over time. Sierra Madre’s shares started trading
on the OTCQX® Best Market this summer.
Alexander Langer, President & CEO of Sierra Madre stated, "DTC eligibility compliments our
recent listing qualification on the OTCQX® Best Market, announced on July 28, 2023. Obtaining
DTC Eligibility represents the company's commitment to increasing visibility and accessibility for
shareholders in the United States.”
Sierra Madre Gold & Silver (TSXV:SM), (OTCQX: SMDRF) is a precious metals development and
exploration company, focused on evaluating the potential of restarting the La Guitarra Mine in the
Temascaltepec mining district, Mexico, and the exploration and development of its Tepic and La Tigra
properties in Nayarit, Mexico. The La Guitarra Mine is a permitted, past -producing underground mine
which includes a 500 t/d processing facility that operated until mid-2018.
The +2,600 ha Tepic Project hosts low -sulphidation epithermal gold and silver mineralization with an
existing historic resource. La Tigra, located 148 km north of Tepic, has been mined historically, Sierra
Madre´s maiden 2022 drill program at the site intercepted shallow mineralization.
Sierra Madre´s management has played key roles for managing exploration and development of
more than 22Moz gold and 600Moz silver in combined reserves and resources. Sierra Madre´s
team of professionals has collectively raised over $1B for mining companies.
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 a s required by applicable law. Often, but not always, forward -looking
statements can be identified 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 to the completion of
the Transaction on the terms set out in the definitive agreement (or at all) and the ability of the
Company to obtain re quisite corporate and regulatory approvals for the Transaction, including
but not limited to the approval of the Exchange, Mexican antitrust approval and other
governmental approvals as currently anticipated.
In making the forward-looking statements included in this news release, the Company has applied
several material assumptions, including that the Company will be able to receive all required
regulatory approvals by the timelines currently anticipated (or at all); and that the Company will
be able to com plete the Transaction on the terms of the definitive agreement. 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
Company is not able to complete Transaction on the terms set out in the definitive agreement (or
at all) and the risk that the Company is unable to obtain requisite corporate and regulatory
approvals, including but not limite d to the approval of the TSX Venture Exchange, the Mexican
antitrust approval and governmental approval as currently anticipated.
Such forward-looking information represents management´s best judgment based on information
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.
SOURCE: Sierra Madre Gold and Silver