VANCOUVER, April 4, 2018 /CNW/ - Bankers Cobalt Corp.
(TSXV: BANC) (FSE: BC2) (the "Corporation" or
"Bankers") is pleased to announce that its common shares
will commence trading on the OTCQB® Venture Market in the United States under the symbol 'NDENF'
effective Wednesday, April 4,
2018.
"Admission to the OTCQB market is in line with Banker's
long-term strategy to access international institutional and
individual investors," said Stephen
Barley, President and CEO of Bankers. "This provides us with
a trading platform that can significantly enhance liquidity for our
shareholders and extend investor awareness of Bankers
internationally."
To be eligible to trade on the OTCQB® Venture Market, companies
must be current in their financial reporting, pass a minimum bid
price test, and undergo an annual company verification and
management certification process. The OTCQB Venture quality
standards provide a strong baseline of transparency, as well as the
technology and regulation to improve the information and trading
experience for investors.
Bankers will continue to trade on the TSX Venture under its
existing symbol 'BANC' and the Frankfurt Stock Exchange under the
symbol 'BC2'.
About Bankers
Bankers is a natural resource company focused on the
acquisition, exploration and development of cobalt and copper
mineral properties in the DRC to world-class Canadian standards. As
battery production for EV's surges, demand for cobalt will probably
exceed supply for many years. According to a recent report by
Transparency Market Research, global sales of lithium-ion batteries
are expected to reach US$70B by 2024,
for a compound growth rate of 11.6% over the years beginning in
2016. Bankers efforts are intended to supply feedstock for
processors having excess capacity and address the supply chain
custody and verifiable sources of ore issue being imposed on
processors in the DRC by consumers. Bankers holds rights to 26
separate mineral concessions strategically located in the southern
DRC Copperbelt and having a total area of more than 391 km².
Bankers has the intention to acquire interests in additional
concessions. All concessions were obtained as either new grants or
through reputable DRC partners and have clean title with no
government involvement, making Bankers one of the few, and perhaps
only, junior public mining company in the DRC to have 26
concessions capable of being currently explored and developed.
Bankers has an experienced operations team operating in the
southern Cobalt-Copperbelt of the DRC. Bankers believes it is the
front runner in advancing cobalt and copper exploration by a junior
mining company in the DRC.
ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.
Stephen
Barley
President & CEO
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains "forward-looking
information" within the meaning of applicable
securities laws including statements relating to the outlook of the
business of the Corporation, including statements relating to the
Corporation's drilling program, timing, execution and
results of such program, the Corporation's intention
to acquire additional concession, the Corporation's
ability to explore and develop the concessions, the results of any
development and exploration, the ability of the Corporation to meet
standards for verifiable supply chain custody, and the
Corporation's status as a leader in the junior mining
sector for cobalt and copper in the DRC. Although the Corporation
believes considering the experience of its officers and directors,
current conditions and expected future developments and other
factors that have been considered appropriate, that the
expectations reflected in this forward-looking information are
reasonable, undue reliance should not be placed on them as the
Corporation can give no assurance that they will prove to be
correct. Actual results and developments may differ materially from
those contemplated by these statements. The statements in this news
release are made as of the date of this release. The Corporation
undertakes no obligation to comment on analyses, expectations or
statements made by third-parties in respect of the Corporation its
securities, or its financial or operating results.
SOURCE Bankers Cobalt Corp.