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Heliostar Announces Reinstatement to OTCQX Market Under Symbol HSTXF After Ana Paula Acquisition
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2023) - Heliostar Metals Ltd. (TSXV: HSTR)...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Announces Reinstatement to OTCQX Market Under Symbol HSTXF After Ana Paula AcquisitionVancouver, British Columbia--(Newsfile Corp. - May 22, 2023) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased today that the company has returned to trading on the OTCQX® Best Market following the completion of the acquisition of the Ana Paula Project. Heliostar will continue trading under the symbol \"HSTXF\". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.Heliostar CEO, Charles Funk commented, \"Reinstatement on the OTCQX was a priority upon completing the acquisition of the Ana Paula Gold project. The scale of the transaction required a trading halt on our primary Canadian exchange resulting in a subsequent pause on the company's OTCQX status until today. Heliostar shares resumed trading at an opportune time for our current and prospective American shareholders. We expect the first drill results from Ana Paula this week.\"The OTCQX Market operates a regulated market for trading 12,000 U.S. and international securities. To qualify for OTCQX, companies must meet high financial standards. They must follow best practice corporate governance and demonstrate compliance with applicable securities laws. Trading on the OTCQX Market enables companies to demonstrate their qualifications and build visibility among U.S. investors. Burns, Figa & Will PC acted as the company's OTCQX sponsor.About Heliostar Metals Ltd.Heliostar is a junior mining company with a portfolio of high-grade gold projects in Mexico and Alaska.The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to explore the Unga Gold Project in Alaska, United States of America.The Ana Paula Project deposit contains proven and probable mineral reserves of 1,081,000 ounces of gold at 2.38 grams per tonne (\"g/t\") gold and 2,547,000 ounces of silver at 5.61 g/t silver. Ana Paula hosts measured and indicated resources of 1,468,800 ounces of gold at 2.16 g/t gold and 3,600,000 ounces of silver at 5.3 g/t silver. The asset is permitted for open-pit mining and cont...