Business
Element79 Gold Completes Filing of Form 211 with FINRA to Qualify for OTC Listing in the United States of America
VANCOUVER, BC / ACCESSWIRE / April 22, 2022 / Element79 Gold Corp. (CSE:ELEM)(OTC PINK:ELMGF)(FSE:7YS) ("Element79 Gold", the "Company") is pleased to announce
About this update from Element79 Gold Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / April 22, 2022 / Element79 Gold Corp. (CSE:ELEM)(OTC PINK:ELMGF)(FSE:7YS) (\"Element79 Gold\", the \"Company\") is pleased to announce that it has successfully completed the filing of Form 211 with the Financial Industry Regulatory Authority (\"FINRA\") of the United States to qualify the Company's common stock listing and public quotations on the Over The Counter (\"OTC\") market pursuant to Exchange Act Rule 15c2-11.B. Grove Corp. Services Inc. assisted Element79 Gold with the preparation and filing of the form with FINRA and Glendale Securites Inc. will act as the market maker for the Company. FINRA is the US regulator responsible for the OTC markets, including the OTCQB, OTCBB, and Pink Sheets (www.otcmarkets.com). In order to become publicly listed in the on the OTC, a company must file Form 211 with FINRA in compliance with Rule 15c2-11(1). Rule 15c2-11 covers the requirements necessary for the initiation of electronic quotation of securities on the OTC Markets. Rule 15c2-11 allows broker dealers to initiate quotes of OTC securities not listed on the NYSE or NASDAQ. When asked about the announcement, Element79 Gold's CEO James Tworek said, \"This is a significant logistical step for Element79 Gold in that through completing this filing, our OTC ticker - ELMGF - will now have pricing quoted based on the activity of the primary CSE listing, ELEM. This provides greater transparency for investors to research and purchase ELMGF stock.\" About Element79 Gold Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and associated metals. Element79 Gold has acquired its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties, where it has recently completed a 43-101-compliant, pit-constrained mineral resource estimate reflecting an Inferred resource of 3.71 million ounces of gold equivalent* \"AuEq\" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag)) with an effective date of Feb. 4, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which the Company is analyzing for further merit of exploration, along with the potential for sale or spin-ou...