Business
Headwater Gold Initiates OTCQB Listing and Grants Stock Options
Vancouver, British Columbia - TheNewswire - July 5, 2021 - Headwater Gold Inc. (CNSX:HWG.CN) (the "Company" or "Headwater") is pleased to announce that it has i
About this update from Headwater Gold, Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - July 5, 2021 - Headwater Gold Inc. (CNSX:HWG.CN) (the \"Company\" or \"Headwater\") is pleased to announce that it has initiated the process to list the Company’s common shares on the OTCQB Market (the “OTCQB”) in the United States. Admission to the OTCQB will allow the Company to grow its shareholder base in the United States, a market that traditionally has a strong demand for investment in gold focused exploration companies. The Company anticipates that the move to the OTCQB will provide enhanced investor benefits including access to the most current information while reducing the trading limits and restrictions, greater access to analyst coverage and news services. The OTCQB is considered by the Securities and Exchange Commission (“SEC”) as an \"established public market\" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTCQB increases transparency, management certification and compliance requirements, and most broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier. Stock Options The Company has granted 1,220,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.36 for a five year term, such Options to vest six months after the date of grant. The Options are subject to the acceptance of the Canadian Securities Exchange. About Headwater Gold Headwater Gold Inc. is a technically-driven mineral exploration company focused on exploring for high-grade precious metal deposits in the Western USA. Headwater is actively exploring one of the most well-endowed and mining-friendly jurisdictions in the world with a goal of making world-class precious metal discoveries. Headwater has a large portfolio of epithermal vein exploration projects, and a technical team composed of experienced geologists with diverse capital markets, junior company, and major mining company experience. The Company is well funded and plans an aggressive 2021 exploration season, with the intent to drill several of its 100% owned projects in Nevada, Idaho, and Oregon. For more information, please v...