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FenixOro Gold Corp Announces DTC Clearance Eligibility
Toronto, Ontario--(Newsfile Corp. - July 17, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) is pleased to announce that its common shares a
About this update from Fenixoro Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 17, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (\"DTC\") in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be \"DTC eligible\". DTC eligibility is expected to simplify the process of trading and enhance liquidity for the Company's common shares in the United States. The Company has also applied for a OTCQB listing along with Blue Sky status. The QB listing will result in the Company filing financial statements in the US, while Blue Sky laws are designed to identify issuers of securities that have met certain disclosure and registration requirements for distribution in most States. These actions in aggregate signal the Company's initiative to provide improved liquidity and transparency for US investors. The ability to have FenixOro's shares electronically transferred between brokerage firms in the United States is significantly more efficient and cost effective for the settlement of securities trading. Existing investors will benefit from greater liquidity and execution capabilities, while new or prospective investors should experience greater access where trading may have been previously restricted and enhanced transparency with respect to the Company's readily available financial information. About FenixOro Gold Corp. FenixOro Gold Corp is a Canadian company focused on acquiring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro's flagship property, the Abriaqui project, is located 15 km west of Continental Gold's Buritica project in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold's Nuevo Chaquiro and La Colosa. As documented in \"NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia\" (December 5, 2019), the geological characteristics of Abriaqui and Buritica are ver...