NEW YORK, May 26, 2021 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of financial
markets for 11,000 U.S. and global securities, today announced
Moneta Porcupine Mines Inc. (TSX: ME; OTCQX: MEAUF), a gold
exploration company, has qualified to trade on the OTCQX® Best
Market. Moneta Porcupine Mines Inc. upgraded to OTCQX from the
Pink® market.
Moneta Porcupine Mines Inc. begins trading today on OTCQX under
the symbol "MEAUF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
Mr. Gary O'Connor, CEO of Moneta
Porcupine Mines said, "We are very pleased to have met the
stringent requirements for trading on the OTCQX best market. We
look forward to the additional exposure that the listing will
provide Moneta in reaching a much larger institutional and retail
audience and contributing to increased liquidity for the Company.
Moneta has one of the largest undeveloped gold projects in
North America located in
Timmins, Ontario, Canada which has
been Canada's most prolific gold
camp for the past 100 years, producing over 85 million ounces of
gold."
Stifel, Nicolaus & Company, Inc. acted as the company's
OTCQX sponsor.
About Moneta
Moneta is a Canadian based gold
exploration company focussed on the Timmins Gold Camp in
Ontario. The Company's flagship
project, covering the Golden Highway and Garrison Gold deposits, is located 100 km east
of Timmins and hosts a total
indicated resource of 3,967,000 ounces contained gold and a total
inferred resource of 4,399,000 ounces contained gold. The project
includes a total of 3,335,000 ounces of open pit indicated
resources contained within 116.7 Mt @ 0.89 g/t Au and 2,270,000
ounces of open pit inferred resources contained within 79.4 Mt @
0.89 g/t Au, at a cut-off grade of 0.30 g/t Au. The project also
includes 632,000 ounces of indicated underground resources
contained within 4.9 Mt @ 4.05 g/t Au and 2,129,000 ounces of
inferred underground resources within 15.7 Mt @ 4.21 g/t Au, at a
2.60 g/t Au cut-off grade at South West and 3.00 g/t Au cut-off
grade at the other underground deposits.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 11,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428,
media@otcmarkets.com
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SOURCE OTC Markets Group Inc.