Sierra Madre Commences Trading ON OTCQX Best Market
SIERRA MADRE COMMENCES TRADING ON OTCQX BEST MARKET
Vancouver, British Columbia – July 28, 2023 – Sierra Madre Gold and Silver Ltd (TSX-V: SM;
OTCQX: SMDRF) ("Sierra Madre" or the "Company") has qualified for trading on the OTCQX®
Best Market. This marks an upgrade for Sierra Madre Gold and Silver Ltd, as it was previously
traded on the OTCQB, but had to requalify, post-closing of the La Guitarra acquisition.
Trading commenced today, July 28, for Sierra Madre on OTCQX under the symbol 'SMDRF.' For
U.S. investors, comprehensive financial disclosure and Real-Time Level 2 quotes for the
company are now accessible through www.otcmarkets.com.
“We are pleased to announce Sierra Madre's return to OTCQX,” stated Alex Langer, President
& CEO. This milestone allows us to offer both existing and new shareholders the opportunity to
trade Sierra Madre shares in the U.S.”
Sierra Madre Gold & Silver (TSX.V: SM; OTCQX SMDRF) is a precious metals development and
exploration company, focused on evaluat ing 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 550 t/d processing facility that operated until mid-2018.
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 identi fied 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, st atements 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 requisite 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 complete 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 f rom 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 limited 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