Arizona Sonoran Receives DTC Eligibility of Common Shares
03 Mai 2022 - 12:30PM
Business Wire
Arizona Sonoran Copper Company Inc. (TSX:ASCU |
OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper
developer and near-term producer, is pleased to announce that the
Company has received Depository Trust Company (DTC) eligibility
which facilitates settlement transfers and electronic clearing of
ASCU common shares within the USA.
DTC eligibility enables a simplified process of trading and the
transferring of shares, increasing liquidity within the USA due to
the accelerated settlement period and expected reduction in costs
to potential investors and brokers. DTC eligibility will give
ASCU’s common shares access to a broader base of brokerage firms
and institutions and in addition will increase the overall
visibility of the Company.
DTC is a subsidiary of the Depository Trust & Clearing
Corp., a United States of America company that manages electronic
clearing and settlement for publicly traded companies. Securities
that are eligible to be electronically cleared and settled through
the DTC are considered to be DTC eligible.
ASCU will continue to trade on the TSX under the symbol ASCU and
on the OTCQX under the symbol ASCUF.
Neither the TSX nor the
regulating authority has approved or disproved the information
contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com)
ASCU’s objective is to become a mid-tier copper producer with
low operating costs, develop the Cactus Project that could generate
robust returns for investors, and provide a long term sustainable
and responsible operation for the community and all stakeholders.
The Company's principal asset is a 100% interest in the Cactus
Project (former ASARCO, Sacaton mine) which is situated on private
land in an infrastructure-rich area of Arizona. The Company is led
by an executive management team and Board which have a
long-standing track record of successful project delivery in North
America complemented by global capital markets expertise.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of ASCU to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220503005388/en/
For more information: Alison Dwoskin, Director, Investor
Relations 647-233-4348 adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
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