VANCOUVER, BC, June 15, 2021 /CNW/ - Freegold Ventures
Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to report
that it has been approved for immediate trading on the OTCQX Best
Market, the top tier of the OTC Markets in the US.
By having qualified to trade on the OTCQX, Freegold aims to
provide greater liquidity and access to US based shareholders
interested in investing in copper and gold assets located in
the United States. Both of
Freegold's projects are located in Alaska. At Golden Summit a 130,000 foot drill
program is currently underway and a drill program is expected to
commence at Shorty Creek in July.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their US
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
US. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
"Freegold welcomes the accessibility and exposure the OTCQX
Market offers to our investors based in the United States and the high standards it
demands. We look forward to our increased investment
exposure as we continue to develop and advance our
projects"
said Kristina Walcott, President
and CEO of Freegold Ventures Limited.
About Freegold Ventures Limited
Freegold is a TSX listed, OTCQX cross traded company focused on
exploration in Alaska and holds
through leases the Golden Summit Gold Project, near Fairbanks as well as the Shorty Creek Copper –
Gold Project near Livengood.
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs. Without limitation, statements
regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward
looking statements that involve various risks. Actual results could
differ materially from those projected as a result of the following
factors, among others: changes in the price of mineral market
conditions, risks inherent in mineral exploration, risks associated
with development, construction and mining operations, the
uncertainty of future profitability and uncertainty of access to
additional capital. See Freegold's Annual Information Form for the
year ended December 31st, 2020 filed
under Freegold's profile at www.sedar.com for a detailed discussion
of the risk factors associated with Freegold's operations. On
January 30, 2020, the World Health
Organization declared the COVID-19 outbreak a global health
emergency. Many governments have likewise declared that the
COVID-19outbreak in their jurisdictions constitutes an emergency.
Reactions to the spread of COVID-19 have led to, among other
things, significant restrictions on travel, business closures,
quarantines and a general reduction in economic activity. While
these effects are expected to be temporary, the duration of the
business disruptions and related financial impact cannot be
reasonably estimated at this time. Such public health crises can
result in volatility and disruptions in the supply and demand for
various products and services, global supply chains and financial
markets, as well as declining trade and market sentiment and
reduced mobility of people, all of which could affect interest
rates, credit ratings, credit risk and inflation. The risks to
Freegold of such public health crises also include risks to
employee health and safety and a slowdown or temporary suspension
of operations in geographic locations impacted by an outbreak. As a
result of the COVID-19 outbreak, the Freegold has implemented a
significant COVID management program and while the extent to which
COVID-19 may impact the Freegold is uncertain, it is possible that
COVID-19 may have a material adverse effect on
Freegold's business, results of operations and financial
condition.
SOURCE Freegold Ventures Limited