Golden Tag Receives Approval to trade on the OTCQB Market
November 05 2020 - 6:00AM
Golden Tag Resources Ltd. (“
Golden Tag” or the
"
Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased
to announce that after successfully completing the application
process, the Company was approved for quotation on the OTCQB®,
operated by the OTC Markets Groups. The Company’s common shares
will begin trading on the OTCQB today, November 5, 2020 at the
opening of the market under the stock symbol “GTAGF” and will
remain listed on the TSX Venture Exchange under the ticker symbol
“GOG”.
Greg McKenzie, President and CEO, commented,
"Up-listing to the OTCQB will enhance our visibility and make the
Company accessible to a much broader range of U.S. investors.
Trading on the OTCQB is expected to increase liquidity by providing
current and potential investors with a transparent and easily
accessible trading platform where they can find Real-Time quotes
and market information.”
Shareholders of existing Golden Tag shares,
previously traded on the OTC® Pink Open Market, will now trade on
the OTCQB without any further action required.
The OTCQB Venture is the premier marketplace for
companies that are committed to providing a high-quality trading
and information experience for their US investors. Qualifying for
approval to trade on the OTCQB requires a Company to be current on
disclosure obligations, to pass a minimum bid price test, and to
provide an annual company verification and management certification
process. The OTCQB quality standards creates a solid baseline of
transparency, as well as the technology to improve the information
and trading experience for investors.
About Golden Tag Resources
Golden Tag Resources Ltd. is a Toronto based
mineral resource exploration company. The Company holds a 100%
interest, subject to a 2% NSR, in the San Diego project, in
Durango, Mexico. The San Diego property is among the largest
undeveloped silver assets in Mexico and is located within the
prolific Velardeña Mining District. Velardeña hosts several mines
having produced silver, zinc, lead and gold for over 100 years. For
more information regarding the San Diego property please visit our
website at www.goldentag.ca. For additional
information, please contact:
Greg McKenzie, President & CEOPh:
416-504-2020Email: info@goldentag.cawww.goldentag.ca
Cautionary Statement:
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release. Certain statements in this news release are
forward-looking and involve a number of risks and uncertainties.
Such forward-looking statements are within the meaning of the
phrase ‘forward-looking information’ in the Canadian Securities
Administrators’ National Instrument 51-102 – Continuous Disclosure
Obligations. Forward-looking statements are not comprised of
historical facts. Forward-looking statements include estimates and
statements that describe the Company’s future plans, objectives or
goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, statements regarding
the effects of the Company’s quotation on the OTCQB, including on
the liquidity of its shares. Factors that could cause actual
results to differ materially from such forward-looking information
include, but are not limited to: the ability to predict and
counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID-19 on the price
of commodities, capital market conditions, restriction on labour
and international travel and supply chains; failure to identify
mineral resources; failure to convert estimated mineral resources
to reserves; the inability to complete a feasibility study which
recommends a production decision; the preliminary nature of
metallurgical test results; delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals; political risks; changes in equity markets;
uncertainties relating to the availability and costs of financing
needed in the future; the inability of the Company to budget and
manage its liquidity in light of the failure to obtain additional
financing; inflation; changes in exchange rates; fluctuations in
commodity prices; delays in the development of projects; capital,
operating and reclamation costs varying significantly from
estimates and the other risks involved in the mineral exploration
and development industry; and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
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