VANCOUVER, BC, Sept. 6,
2023 /CNW/ - Stuhini Exploration Ltd.
("Stuhini" or the "Company") (TSXV: STU) (OTCQB:
STXPF) is pleased to announce that its common shares are now
quoted for trading on the OTCQB venture market (the "OTCQB")
under the symbol "STXPF". The Company has also received The
Depository Trust Company (the "DTC") eligibility in
the United States, thus allowing
the Company's stock to be more easily traded by and accessible to
US institutional and retail investors.
Dave O'Brien, Company President
and CEO stated: "We have experienced strong US investor interest
over the past year, with several US based investors participating
in our most recent financing. Accordingly, we are pleased to have
been quoted for trading on the OTCQB Venture Market and to have
received DTC eligibility, both of which will aid in our goal of
increased visibility and share liquidity for both existing and new
US based shareholders."
The OTCQB allows early stage and developing companies the
benefit of being publicly traded in the
United States. Eligible companies must be current in their
financial reporting, pass a minimum bid test and undergo an annual
verification and management certification process.
DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a US based company that manages the electronic
clearing and settlement of publicly traded companies. Securities
that are eligible to be electronically cleared and settled through
DTC are considered to be "DTC eligible".
The Company also announces it has recently joined the
International Molybdenum Association (the "IMOA") and
Company chairman Tony Fogarassy is
presently attending and representing Stuhini at the 2023 IMOA
Annual General Meeting being held in Santiago Chile. The IMOA is non-profit trade
association representing the molybdenum industry.
About Stuhini Exploration Ltd.
Stuhini is a mineral
exploration company focused on the exploration and development of
precious and base metals properties in western Canada and south-western USA. The Company's portfolio of exploration
properties includes: its flagship, the Ruby Creek Project located
approximately 14 km east of Atlin,
BC; the Que Project located approximately 70 km north of
Johnson's Crossing in the Yukon;
the South Thompson Project located approximately 35 km northwest of
Grand Rapids, Manitoba; the Big
Ledge Property located approximately 57 km south of Revelstoke, BC; and a portfolio of properties
in south-east Arizona.
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.
Forward-Looking Statements
This news release contains "forward‐looking information" within
the meaning of Canadian securities laws, which may include, but are
not limited to statements relating to increased visibility and
share liquidity in the United
States. All statements in this release, other than
statements of historical facts, that address events or developments
that the Company expects to occur, are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include
regulatory actions, fluctuations in metal and commodity prices,
market prices and exchange rates, failure to obtain permits, and
continued availability of capital and financing, and general
economic, market or business conditions. Such forward-looking
information reflects the Company's views with respect to future
events and is subject to risks, uncertainties and assumptions,
including those set out in the Company's prospectus. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
There can be no assurance that any forward-looking statements or
information will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements or information. Accordingly, readers should not place
undue reliance on forward-looking statements or information. Except
as required by applicable securities laws, the Company undertakes
no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other
factors, should change.
SOURCE Stuhini Exploration Ltd.