OTC Markets Group Welcomes Heliostar Metals Ltd. to OTCQX
May 22 2023 - 6:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced Heliostar Metals Ltd. (TSX-V: HSTR; OTCQX: HSTXF), a
junior mining company, has qualified to trade on the OTCQX® Best
Market. Heliostar Metals Ltd. upgraded to OTCQX from the Pink®
market.
Heliostar Metals Ltd. begins trading today on OTCQX under the
symbol “HSTXF.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home
market reporting to make their information available in the U.S. To
qualify for OTCQX, companies must meet high financial standards,
follow best practice corporate governance and demonstrate
compliance with applicable securities laws.
Heliostar CEO, Charles Funk commented, “Reinstatement on the
OTCQX was a priority upon completing the acquisition of the Ana
Paula Gold project. The scale of the transaction required a trading
halt on our primary Canadian exchange resulting in a subsequent
pause on the company’s OTCQX status until today. Heliostar shares
resumed trading at an opportune time for our current and
prospective American shareholders. We expect the first drill
results from Ana Paula this week.”
Burns, Figa & Will, P.C. acted as the company’s OTCQX
sponsor.
About Heliostar Metals Ltd.Heliostar is a
junior mining company with a portfolio of advanced high-grade gold
projects in Mexico and Alaska. The Company is focused on developing
the 100% owned Ana Paula Project in Guerrero, Mexico which holds
1.46 million ounces of gold at 2.16 g/t. In addition, Heliostar is
working with the Mexican government to permit the San Antonio Gold
Project in Baja Sur, Mexico which holds 1.73 million ounces of gold
at 0.83 g/t. The Company continues its work on expanding the
resource at the Unga Gold Project in Alaska, United States of
America which holds 384,318 ounces of gold at 13.8 g/t.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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