Business
Arizona Sonoran Copper Receives DTC Eligibility of Common Shares
CASA GRANDE, Ariz. & TORONTO / May 03, 2022 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emergin
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / May 03, 2022 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, is pleased to announce that the Company has received Depository Trust Company (DTC) eligibility which facilitates settlement transfers and electronic clearing of ASCU common shares within the USA. DTC eligibility enables a simplified process of trading and the transferring of shares, increasing liquidity within the USA due to the accelerated settlement period and expected reduction in costs to potential investors and brokers. DTC eligibility will give ASCU’s common shares access to a broader base of brokerage firms and institutions and in addition will increase the overall visibility of the Company. DTC is a subsidiary of the Depository Trust & Clearing Corp., a United States of America company that manages electronic clearing and settlement for publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered to be DTC eligible. ASCU will continue to trade on the TSX under the symbol ASCU and on the OTCQX under the symbol ASCUF. Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release. About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com) ASCU’s objective is to become a mid-tier copper producer with low operating costs, develop the Cactus Project that could generate robust returns for investors, and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise. Forward-Looking Statements Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the for...