03:18:39 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Cornerstone Metals Inc (2)
Symbol CCC
Shares Issued 20,695,131
Close 2018-01-22 C$ 0.325
Market Cap C$ 6,725,918
Recent Sedar Documents

Cornerstone lists on OTCQB Venture Market

2018-01-22 11:17 ET - News Release

Mr. Paul Cowley reports

CORNERSTONE METALS ANNOUNCES LISTING ON U.S. OTCQB(R) VENTURE SECURITIES MARKET

Cornerstone Metals Inc.'s common stock has commenced trading in the United States on the OTCQB Venture Market, under the trading symbol APPPF.

OTC Markets Group Inc. operates the OTCQB Venture Market, the OTCQX Best Market and the Pink Open Market for 10,000 United States and global securities. Through the OTC Link alternative trading system, OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.

"Cornerstone's expansion into the U.S. securities markets is a milestone that brings our company substantially added access to institutional and individual investors," said Cornerstone president and chief executive officer Paul Cowley. "We are confident that our listing on this active marketplace can significantly enhance liquidity for our shareholders and extend investor awareness of our company throughout the U.S. and beyond."

Cornerstone Metals is an emerging exploration company whose most recently added initiative is the Carlin vanadium project, which contains one of North America's largest, richest known primary deposits of vanadium, an industrial mineral critical to industries ranging from steel to utility-scale battery-storage technology. The company's analysis illustrates that the Nevada site's vanadium deposit features a combination of high-grade and unsurpassed accessibility.

In additional news, the company announces the appointment of Barry Girling to its advisory board. Mr. Girling is an independent business consultant who has been active in resource companies for over 35 years, including serving as a director of Silver One Resources, Zinc One Resources and iMinerals Inc. and was a founder and former director of Roxgold Inc. Having been involved in all facets of project development from grassroots exploration through feasibility study, he has experience in project finance and development and corporate/shareholder communications.

The company also announces the grant of an option to purchase 35,000 shares to a consultant of the company at an exercise price of 30 cents per share for a five-year term, subject to the terms and conditions of the company's stock option plan. Following this grant, the company has options to buy a total of 1.84 million shares outstanding, representing approximately 9.0 per cent of the outstanding common shares of the company.

About Cornerstone Metals Inc.

Cornerstone's objective is to advance exploration/development-stage copper, precious and strategic minerals properties to production in the Americas. The company's management and board core competence is in exploration, permitting, development, construction and operation of mining projects.

The company has an option to earn a 100-per-cent interest in the Carlin vanadium project, which has one of the largest known primary vanadium deposits in the United States. The Carlin vanadium project is located in Elko county, 22 kilometres by road (14 miles) from the town of Carlin, Nev., and comprises 72 contiguous unpatented mineral claims totalling 461 hectares (1,140 acres).

Technical disclosure in this news release has been reviewed and approved by Mr. Cowley, PGeo, a qualified person as defined by National Instrument 43-101, and president and chief executive officer of the company.

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