VANCOUVER, BC, July 19,
2022 /CNW/ - Lundin Gold Inc. (TSX: LUG)
(Nasdaq Stockholm: LUG) ("Lundin Gold" or the
"Company") is pleased to announce that its common shares
are now eligible for electronic clearing and settlement in
the United States through the
Depository Trust Company ("DTC"). DTC eligibility is expected to
simplify the process of trading and enhance liquidity of
Lundin Gold shares in the United States. The Company's shares
recently began trading on the OTCQX® Best Market under the symbol
"LUGDF". PDF version.
The DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. 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". This electronic method of clearing
securities speeds up the receipt of stock and cash, and thus
accelerates the settlement process for investors and brokers,
enabling the stock to be traded over a much wider selection of
brokerage firms by coming into compliance with their
requirements.
Ron Hochstein, Lundin Gold's President and CEO, commented,
"Having recently begun trading on the OTCQX Market, I am pleased to
announce that Lundin Gold's common
shares are now DTC eligible, which will make the trading of our
stock easier, faster and cheaper for a wider array of
investors."
About Lundin Gold
Lundin Gold, headquartered in
Vancouver, Canada, owns the Fruta
del Norte gold mine in southeast Ecuador. Fruta del Norte is among the
highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise
in mine operations and are dedicated to operating Fruta del Norte
responsibly. The Company operates with transparency and in
accordance with international best practices. Lundin Gold is committed to delivering value to
its shareholders, while simultaneously providing economic and
social benefits to impacted communities, fostering a healthy and
safe workplace and minimizing the environmental impact. The Company
believes that the value created through the development of Fruta
del Norte will benefit its shareholders, the Government and the
citizens of Ecuador.
Additional Information
This information was publicly communicated on July 19, 2022 at 2:00 p.m.
Pacific Time through the contact persons set out below.
Caution Regarding Forward-Looking
Information and Statements
Certain of the information and statements in this press release
are considered "forward-looking information" or "forward-looking
statements" as those terms are defined under Canadian securities
laws (collectively referred to as "forward-looking statements").
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,
identified by words or phrases such as "believes", "anticipates",
"expects", "is expected", "scheduled", "estimates", "pending",
"intends", "plans", "forecasts", "targets", or "hopes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "will",
"should" "might", "will be taken", or "occur" and similar
expressions) are not statements of historical fact and may be
forward-looking statements. By their nature, forward-looking
statements and information involve assumptions, inherent risks and
uncertainties, many of which are difficult to predict, and are
usually beyond the control of management, that could cause actual
results to be materially different from those expressed by these
forward-looking statements and information. Lundin
Gold believes that the expectations reflected in this
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct.
Forward-looking information should not be unduly relied upon. This
information speaks only as of the date of this press release, and
the Company will not necessarily update this information, unless
required to do so by securities laws.
This press release contains forward-looking information in a
number of places, such as in statements relating to the benefits to
be derived by the Company's securities trading on the OTCQX and the
DTC eligibility. There can be no assurance that such statements
will prove to be accurate, as Lundin Gold's actual
results and future events could differ materially from those
anticipated in this forward-looking information as a result of the
factors discussed in the "Risk Factors" section in Lundin
Gold's Annual Information Form dated March
21, 2022, which is available at www.lundingold.com or
on SEDAR.
Lundin Gold's actual results
could differ materially from those anticipated. Factors that could
cause actual results to differ materially from any forward-looking
statement or that could have a material impact on the Company or
the trading price of its shares include: risks associated with
the Company's community relationships; risks related to
political and economic instability in Ecuador; risks related
to estimates of production, cash flows and costs; the impacts of a
pandemic virus outbreak; risks inherent to mining operations;
failure of the Company to maintain its obligations under its debt
facilities; shortages of critical supplies; control of the
Company's largest shareholders; risks related
to Lundin Gold's compliance with environmental laws and
liability for environmental contamination; the lack of availability
of infrastructure; the Company's reliance on one mine; exploration
and development risks; risks related to the Company's ability to
obtain, maintain or renew regulatory approvals, permits and
licenses; uncertainty with the tax regime in Ecuador; risks related to the Company's
workforce and its labour relations; volatility in the price of
gold; the reliance of the Company on its information systems and
the risk of cyber-attacks on those systems; deficient or vulnerable
title to concessions, easements and surface rights; inherent safety
hazards and risk to the health and safety of the Company's
employees and contractors; the imprecision of Mineral Reserve and
Resource estimates; key talent recruitment and retention of key
personnel; volatility in the market price of the Company's shares;
measures to protect endangered species and critical habitats;
social media and reputation; the cost of non-compliance and
compliance costs; risks related to illegal mining; the adequacy of
the Company's insurance; risks relating to the declaration of
dividends; uncertainty as to reclamation and decommissioning; the
ability of Lundin Gold to ensure
compliance with anti-bribery and anti-corruption laws; the
uncertainty regarding risks posed by climate change; limits of
disclosure and internal controls; security risks to the
Company, its assets and its personnel; the potential
for litigation; and risks due to conflicts
of interest.
SOURCE Lundin Gold Inc.