Tectonic Metals Announces US Trading on OTCQB
Tectonic Metals Announces US Trading on
OTCQB
VANCOUVER, BC
,
July 23, 2020
/CNW/ -
Tectonic Metals Inc.
(TSXV: TECT) (OTC: TETOF) (the
"Company" or "Tectonic") today announced that the Company's common shares will begin trading on the
OTCQB Venture Market at the opening of the market on
July 23, 2020
, under the stock symbol OTC:
TETOF.
Tony Reda
, Tectonic President & Chief Executive Officer, says, "Trading on the OTCQB Venture Market
in
the United States
complements our Canadian listing on the TSX Venture Exchange and broadens our
investor base. This is a timely milestone as we have a robust pipeline of exploration activity currently
underway, and trading on the OTCQB will increase the Company's visibility to U.S. investors and
improve liquidity for our shareholders.
About the OTCQB
The OTCQB Venture Market permits early stage and developing
United States
and international company
securities to be traded via a broker-dealer network over-the-counter ("OTC"). OTC trading facilitates
higher liquidity and improved transparency. Trading companies are current in their reporting, must meet a
minimum bid price test, and undergo an annual verification and management certification process. Investors
can find real-time quotes and market information for Tectonic on
www.otcmarkets.com
.
About Tectonic
Tectonic Metals Inc. is a mineral exploration company created and operated by an experienced and well-
respected technical and financial team with a track record of wealth creation for shareholders. Key
members of the Tectonic team were involved with Kaminak Gold Corporation, the company that raised
C$165 million
to fund the acquisition, discovery and advancement of the Coffee Gold Project in the
Yukon
Territory
through to the completion of a bankable feasibility study before selling the multi-million ounce gold
project to Goldcorp Inc. (now Newmont Goldcorp) for
C$520 million
in 2016.
Tectonic is focused on the acquisition, exploration, discovery and development of mineral resources from
district-scale projects in politically stable jurisdictions that have the potential to host world-class orebodies.
Tectonic believes that responsible mineral exploration and development can positively impact the
communities in which the company lives and operates and is committed to early and ongoing community
engagement, best practices in environmental stewardship and the development of a strong safety culture.
Whether at home or at work, the Tectonic team is grounded on the following core values: passion,
integrity, patience, focus, perseverance, honesty, fairness, accountability, respect and a play big mindset.
The company works for its shareholders and is committed to creating value for them.
On behalf of Tectonic Metals Inc.,
Tony Reda
President and Chief Executive Officer
For further information about Tectonic Metals Inc. or this news release, please visit our website at
www.tectonicmetals.com
or contact
Tony Reda
, President & CEO of Tectonic, at toll-free 1.888.858.9887
or by email at
.
Facebook:
https://www.facebook.com/TectonicMetals/
Twitter:
https://twitter.com/TectonicMetals
Instagram:
https://www.instagram.com/tectonicmetals/
LinkedIn:
https://www.linkedin.com/company/tectonic-metals
Cautionary Note Regarding Forward-Looking Statements
Certain information in this news release constitutes forward-looking information and statements under
applicable securities law. Any statements that are contained in this news release that are not statements
of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions and
include, but are not limited to, statements with respect to the potential benefits of a OTCQB listing,
current and future exploration activities, and future growth of the Company.
Forward-looking information is not a guarantee of future performance and is based upon a number of
estimates and assumptions of management at the date the statements are made including, among
others, assumptions about future prices of gold and other metal prices, currency exchange rates and
interest rates, favourable operating conditions, political stability, obtaining governmental and other
approvals and financing on time, obtaining required licenses and permits, labour stability, stability in
market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of
disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that
are not within the control of Tectonic, and there is no assurance they will prove to be correct.
Although Tectonic considers these beliefs and assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the forward-looking statements in this
release are subject to numerous risks, uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such forward-looking statements. Forward-looking
statements necessarily involve known and unknown risks, including, without limitation: the Company's
ability to implement its business strategies; risks associated with mineral exploration and production;
risks associated with general economic conditions; adverse industry events; marketing and transportation
costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal
and external sources, and/or inability to access sufficient capital on favourable terms; industry and
government regulation; changes in legislation, income tax and regulatory matters; competition; currency
and interest rate fluctuations; and other risks.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be
no assurance that the plans, intentions or expectations upon which they are placed will occur. Such
information, although considered reasonable by management at the time of preparation, may prove to be
incorrect and actual results may differ materially from those anticipated. Forward-looking statements
contained in this news release are expressly qualified by this cautionary statement. Although Tectonic
has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking information.
Tectonic does not undertake to update any forward-looking information, except in accordance with
applicable securities laws.
[Neither the TSX Venture Exchange nor it's Regulation Service Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.]
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CNW 08:30e 23-JUL-20