Business
Silver Dollar Resources Inc. Responds to OTC Markets Request on Recent Promotional Activity
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQB: SLVDF) ("Silver Dollar" or the "Company") anno
About this update from Silver Dollar Resources, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQB: SLVDF) (\"Silver Dollar\" or the \"Company\") announces that it has been requested by OTC Markets Group Inc. (\"OTC Markets\") to issue this statement about promotional activity concerning its common stock. On Tuesday, January 5, 2021, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock traded on the OTCQB Marketplace, including the distribution of two promotional newsletter emails published by CrushTheStreet.com (\"CTS\") and Wealth Research Group (\"WRG\") discussing the emerging bull market for commodities, particularly silver, and citing the Company in both publications. OTC Markets provided examples of the promotional material for reference. Both CTS and WRG are third-party marketing and advertising firms retained by the Company to provide content distribution and advertising services. Each of the newsletters presented factual statements regarding the silver market and indicated the Company's potential for growth as a result of the Company's advanced stage La Joya Silver Project in Durango, Mexico. The Company provided CTS and WRG publicly available source information for the newsletters and did have editorial control over the materials, including reviewing the materials for factual accuracy prior to their dissemination. The Company does not believe the statements in the newsletters were false or misleading. The Company has been advised by OTC Markets that OTC Markets takes the position that aspects of the statements were overly promotional. The Company wishes to caution readers that these statements are speculative in nature. For more complete and specific information regarding the Company, its prospects and the risks associated with those prospects, readers should consult the Company's public filings on SEDAR, its website and other reliable sources. The Company encourages investors to contact their investment advisors prior to making any investment. Further, the Company understands this promotional activity may have coincided with increased trading activity in the Company's common shares beginning on or about January 4, 2021. The Company does not believe the promotional activities were a factor in the recent increase in trading vo...