Mr. Colin Joudrie reports
SELKIRK COPPER ANNOUNCES TRADING ON OTCQB VENTURE MARKET UNDER THE TRADING SYMBOL SKRKF
Selkirk Copper Mines Inc.'s common shares have commenced trading on the OTCQB Venture Market (OTCQB), a United States marketplace operated by OTC Markets Group Inc., under the trading symbol SKRKF.
Along with trading under the trading symbol SKRKF on the OTCQB, the company's common shares will continue to trade on the TSX Venture Exchange under the symbol SCMI and on the Frankfurt exchange under the symbol IO20.
M. Colin Joudrie, president and chief executive officer, commented: "In addition to having a listing on the TSX Venture Exchange and the Frankfurt exchange, we are excited to initiate trading of the company's common shares on the OTCQB in the United States which improves our visibility to U.S. investors, increases liquidity, will broaden our shareholder base and importantly will expand the company's reach within the U.S. investment market. Trading on the OTCQB will assist us in highlighting our plans to create long-term value for shareholders through the restart of the copper-gold-silver Minto mine located in the Yukon Territory, Canada, which is unique opportunity for investors to participate in the development of near-term copper, gold and silver production."
The OTCQB provides an established platform for early stage and growth companies to enhance their visibility in the U.S. market. Companies with its common shares trading on OTCQB must meet rigorous reporting standards, undergo annual verification and comply with management certification requirements, providing investors with a trusted market for trading.
The company has also received Depository Trust Company (the DTC) eligibility, making the company's stock more accessible to U.S. investors. The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The common shares of the company, trading under the symbol SKRKF in the United States, are now eligible to be electronically cleared and settled through the DTC, and are therefore considered DTC eligible. This electronic method of clearing securities accelerates the settlement process for investors and brokers.
About Selkirk Copper Mines Inc.
Selkirk Copper is a well-financed, newly formed company with a controlling interest held by the Selkirk First Nation through its wholly owned subsidiary, that, in partnership with the Selkirk First Nation, is completing a thorough exploration drilling campaign and a restart and redevelopment plan for the former Minto copper-gold-silver mine based on best-in-class environmentally sustainable mining, development and reclamation practice. Selkirk Copper controls 26,850 hectares of prospective mineral claims located in the Minto-Carmacks copper belt as well as significant open-pit and underground infrastructure, a 4,100-tonne-per-day processing plant, 400-person camp, water treatment facilities, numerous ancillary buildings and mobile equipment centred on the former Minto copper-gold-silver mine. Selkirk Copper's mineral tenure, operation infrastructure, access roads and powerline is located on or adjacent to lands of the Selkirk First Nation, much of which is surrounded by prospective Selkirk First Nation Category A lands.
We seek Safe Harbor.
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