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Delrey Metals Announces Form 211 Clearance from FINRA and DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC: DLRYF) ("Delrey" or the "Company") is pleased to
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 9, 2019) - DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC: DLRYF) (\"Delrey\" or the \"Company\") is pleased to announce that its submission of Form 211 to FINRA has been cleared and the Company's shares now qualify for trading in the United States on the OTC Pink Market. Delrey has also secured DTC eligibility by the Depository Trust Company (\"DTC\") for its shares traded on the OTC Pink Market, under the symbol \"DLRYF\". The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered \"DTC eligible.\" This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Being DTC eligible is expected to greatly simplify the process of trading and transferring the Company's common shares on the OTC Pink Market. DTC is focused on creating liquidity and stability in the global capital markets by providing electronic clearance and settlement of equity trades. Having access to DTC services gives the Company better exposure to the capital markets while at the same time offers various services including greater transparency of the Company's shares. \"This is an exciting step for Delrey which now provides US based investors the ability to more easily participate in our rapidly developing energy metals story,\" commented Morgan Good, Delrey President and CEO. About Delrey Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy metals space. The Company recently announced an LOI to acquire an 80% interest in the Four Corners Project in Newfoundland and Labrador. The Four Corners Project hosts iron-titanium-vanadium mineralisation and subject to considerable historic exploration, drilling and metallurgical work showing positive results. The project is easily accessible with highway access and power lines intersecting the property. It is 35km away from the commercial town of Ste...