Gold Springs Resource Corp. Reports New US OTCQB Stock Symbol "GRCAF" and files Third Quarter 2019 Financial Statements and MD&A

About this update from Gold Springs Resource Corp.

[{"type":"text","content":"Gold Springs Resource Corp. Reports New US OTCQB Stock Symbol “GRCAF” and files Third Quarter 2019 Financial Statements and MD&AVANCOUVER, CANADA / ACCESSWIRE / November 13, 2019 / Gold Springs Resource Corp. (TSX:GRC, OTCQB:GRCAF), (the \"Company\" and formerly TriMetals Mining Inc.), reports that starting yesterday, November 12, 2019, the Company's common shares are trading on the US OTCQB under the new trading symbol GRCAF.The Company also reports the release of its condensed interim consolidated financial statements for the three and nine months ended September 30, 2019 and the related management's discussion and analysis of financial position and results of operations (\"MD&A\"). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.As at September 30, 2019, the Company had cash of $16,165,967, of which $11,436,186 was used on November 4, 2019, to redeem and cancel the outstanding Class B shares of the Company.During the nine months ended September 30, 2019, the Company reported a net loss of $11,370,712 ($0.05 per share) compared with a net loss of $202,842 ($nil per share) for the nine months ended September 30, 2018. During the three months ended September 30, 2019, the Company reported a net loss of $49,628 ($nil per share) compared with a net loss of 2,527,533 ($0.01 per share) for the three months ended September 30, 2018.The net loss for the nine months ended September 30, 2019, was significantly impacted by the divestiture of the Escalones property and the conclusion of the arbitration proceedings against Bolivia.On September 26, 2019, the Company completed the divestiture of the Escalones property to Wealth Copper Ltd (\"Wealth Copper\"), a private company, subsidiary of TSXV-listed Wealth Minerals Ltd., in exchange for Cdn$1 million in cash ($754,638) payable to the Company, of which Cdn$150,000 ($112,790) has already been received, 25 million common shares of Wealth Copper with an estimated fair value of Cdn$0.10 per share ($1,887,000) which have been issued to the Company and represent 42.6% of the issued and outstanding shares of Wealth Copper, and a 2% NSR Royalty on the Escalones property in favour of the Company (see the Company's press release dated September 27, 2019 for further details). The transaction resulted in the recognition of a non-cash loss...

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