Business
Contact Gold Begins Trading on The OTCQB Market
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Contact Gold Corp. (TSXV: C) (...
About this update from Commodore Metals Corp.
[{"type":"text","content":"Contact Gold Begins Trading on The OTCQB MarketVancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (\"Contact Gold\" or the \"Company\") is pleased to announce that the Company's common shares have begun trading on the OTCQB Venture Market (\"OTCQB\") under the ticker symbol \"CGOL\". The Company's common shares will continue to trade under the symbol \"C\" on the TSX Venture Exchange.\"As a Nevada focused gold exploration company, we welcome the listing of the Company's shares on the OTCQB,\" said Matt Lennox-King, President & CEO of Contact Gold. \"We expect that the OTCQB listing will increase the Company's visibility to U.S. investors, improve liquidity for our shareholders, and provide the Company with improved access to capital as we continue to push forward on our Green Springs gold project. Drilling completed at Green Springs in October 2019 returned high grade oxide drill intercepts running up to 2.3 g/t Au over 70 metres.\" Contact Gold's common shares are already eligible for electronic settlement and transfer in the United States through the Depository Trust Company (\"DTC\"). About the OTCQBThe OTCQB offers early stage and developing U.S. and international companies the benefits of being publicly traded in the U.S. without the complexity and cost of a U.S. exchange listing. As a verified market with efficient access to U.S. investors, the OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the Company on www.otcmarkets.com. Green Springs Project:The past-producing Green Springs gold project is located at the southern end of Nevada's prolific Cortez and Carlin Trends, 60 km southwest of the historic mining centre of Ely, Nevada in a region hosting numerous producing and past producing Carlin-type gold deposits. Green Springs encompasses 16 km2 and is approximately 10 km east of Fiore Gold's Gold Rock Project, 10 km south of Waterton's Mt. Hamilton gold deposit and 20 km southeast of Fiore Gold's producing Pan Mine. In 2019 Contact Gold confirmed that past drilling at the Echo and Charlie zones hit entirely oxidized gold minerali...