VANCOUVER, May 2, 2019 /CNW/ - Defense Metals Corp. (the
"Company") (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) is
pleased to announce that it has obtained DTC eligibility by the
Depository Trust Company ("DTC") for electronic settlement
and transfer of its common shares in the
United States and will trade under the symbol "DFMTF" on
the OTCQB. The Company's common shares will continue to trade
on the TSX Venture Exchange under the symbol "DEFN" and on the
Frankfurt Exchange under the symbol of "35D".
The Company is confident that trading on the OTCQB will add to
its liquidity and continue to build a stronger investor base in
the United States and abroad.
About the Company
Defense Metals Corporation. A
mineral exploration company focused on the acquisition
of mineral deposits containing metals and
elements commonly used in the electric power market, military,
national security and the production of green energy technologies,
such as, high strength, light weight, rare earth magnets. The
Company (i) Working on and has an option to acquire 100% of the
1,780 Hectare Wicheeda Rare Earth Element Project located in
Prince George, British Columbia,
Canada (ii) Owns a 100% interest in prospective uranium claims in
the N.E. section of the prolific Athabasca Basin, Saskatchewan and (iii) Has an option to
acquire 100% of the Lac Burge gold property located northeast of
Val d'Or, Quebec. Defense
Metals Corp. trades in Canada
under "DEFN" on the TSX Venture Exchange, The United States, under "DFMTF" on the
OTCQB and the German, Frankfurt Exchange under the symbol
of "35D".
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Forward Looking Information
This news release includes certain statements that constitute
"forward-looking information" within the meaning of applicable
securities law, including without limitation, the Company's plans
for its properties/projects, increasing liquidity of the common
shares, other statements relating to the technical, financial and
business prospects of the Company, and other matters.
Forward-looking statements address future events and conditions
and are necessarily based upon a number of estimates and
assumptions. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved), and variations of such words, or the
negative of any of these terms and similar expressions and
similar expressions are not statements of historical fact and may
be forward-looking statements. Forward-looking statement are
necessarily based upon a number of factors that, if untrue, could
cause the actual results, performances or achievements of the
Company to be materially different from future results,
performances or achievements express or implied by such statements.
Such statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which the Company will operate in the future. While
such estimates and assumptions are considered reasonable by the
management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory
uncertainties and risks. Forward-looking statements are subject to
a variety of risks and uncertainties, which could cause actual
events, level of activity, performance or results to differ
materially from those reflected in the forward-looking statements.
These risks, as well as others, could cause actual results and
events to vary significantly. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements. The forward-looking statements included in this
news release are made as of the date hereof and the Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
applicable securities legislation.
SOURCE Defense Metals Corp.