VANCOUVER, Nov. 9, 2017 /PRNewswire/ - Mason Resources Corp.
(TSX:MNR; OTCQB:MSSNF – "Mason Resources" or the
"Company") is pleased to announce that, effective
November 9, 2017, the Company's
common shares will commence trading on the OTCQB in the United States, under the symbol "MSSNF".
Mason Resources shares will continue to trade on the Toronto Stock
Exchange under the symbol "MNR".
Stephen Scott, President and CEO
of Mason Resources stated, "The OTCQB market will provide our
growing shareholder base with increased visibility and transparency
by facilitating trading of our common shares in the United States. While our primary listing
is on the Toronto Stock Exchange in Canada, we appreciate that some investors
prefer to trade in U.S. dollars on the OTCQB market".
Information relating to Mason Resources as well as Real-Time
level 2 quotes for Mason Resources will be available on
www.otcmarkets.com.
ABOUT MASON RESOURCES CORP.
Mason Resources Corp. is a well-funded Canadian company focused
on copper exploration and development in the U.S.A. The
Company's key asset is its 100% owned Ann Mason Project – an
extensive, prospective land package located in the Yerington District of Nevada. The Ann Mason Project hosts two
copper-molybdenum porphyry deposits, Ann Mason and Blue Hill, as
well as numerous earlier-stage or untested priority targets.
The Ann Mason deposit is currently at a PEA level and is among the
largest undeveloped copper porphyry resources in Canada/U.S.A.
The excellent infrastructure, year-round access, strong community
support and clear permitting process are all factors that
contribute to making Yerington,
Nevada one of the best mining jurisdictions in the world.
Mason also holds a 100% interest in the Lordsburg property, an exciting earlier-stage
copper-gold porphyry project, located within an historic mining
district in New Mexico.
Mason Resources' strong financial position and high-quality
asset portfolio provide it with a solid foundation and flexibility
for growth, by advancing development of Ann Mason towards
Pre-Feasibility, introducing one or more strategic development
partners, exploring high priority targets or considering strategic
acquisitions. Major shareholders in Mason Resources include Mantos
Copper (Bermuda) Limited and
Hudbay Minerals Inc., owning 17.5% and 13.9%, respectively, of the
issued and outstanding shares of Mason Resources. More
information on Mason Resources can be found at
www.MasonResources.com.
This news release contains forward-looking statements within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and forward-looking information within the
meaning of applicable Canadian securities laws.
While the Company has based these forward-looking statements
on its expectations about future events as at the date that such
statements were prepared, the statements are not a guarantee of the
Company's future performance and are based on numerous assumptions
regarding present and future business strategies, local and global
economic conditions and the environment in which Mason Resources
will operate in the future, including the price of copper, gold,
silver and molybdenum. Uncertainties and factors which could
cause actual results to differ materially from future results
expressed or implied by forward-looking statements and information
include, amongst others, unanticipated costs, expenses or
liabilities; discrepancies between actual and anticipated
production, mineral resources and metallurgical recoveries; the
size, grade and continuity of deposits not being interpreted
correctly from exploration results; the results of preliminary test
work not being indicative of the results of future test work;
fluctuations in commodity prices and demand; changing foreign
exchange rates; actions by government authorities; the availability
of funding on reasonable terms; the impact of changes in
interpretation to or changes in enforcement of, laws, regulations
and government practices, including laws, regulations and
government practices with respect to mining, foreign investment,
royalties and taxation; the terms and timing of obtaining necessary
environmental and other government approvals, consents and permits;
the availability and cost of necessary items such as power, water,
skilled labour, transportation and appropriate smelting and
refining arrangements; and misjudgements in the course of preparing
forward-looking statements. In addition, there are also known and
unknown risk factors which may cause the actual results,
performances or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements and
information. Such factors include, among others, risks related to
international operations, including legal and political risk; risks
associated with changes in the attitudes of governments to foreign
investment; changes in project parameters as plans continue to be
refined; inability to upgrade Inferred mineral resources to
Indicated or Measured mineral resources; inability to convert
mineral resources to mineral reserves; conclusions of economic
evaluations; future prices of copper, gold, silver and molybdenum;
failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining government approvals, permits or licences or
financing or in the completion of development or construction
activities; environmental risks; title disputes; limitations on
insurance coverage; as well as those factors discussed in the
Company's most recently filed Management's Discussion &
Analysis available at www.sedar.com. There can be no assurance that
forward-looking statements 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 statements. The Company is
under no obligation to update or alter any forward-looking
statements except as required under applicable securities
laws.
SOURCE Mason Resources