Mr. Charles Desjardins reports
PISTOL BAY MINING ANNOUNCES LEI NUMBER
Pistol Bay Mining Inc. has been assigned the legal entity identifier (LEI) No. 5299009H8LVJKFT8ZN10. The European Union has adopted regulations that require use of the LEI number as a bar code equivalent aimed at pinpointing systemic risks.
About the legal entity identifier (LEI)
The legal entity identifier number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (for example, companies, banks and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Borse Group has stated that "the LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, [but] it can also be utilized by counterparties internally for risk management purposes."
Pistol Bay meets the requirement for all companies listed on German stock exchanges (that is, Frankfurt Stock Exchange) to have a legal entity identifier number by Jan. 3, 2018.
According to the website of the Deutsche Borse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data, and indices.
About Pistol Bay Mining Inc.
Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America.
We seek Safe Harbor.
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