NEW YORK, Aug. 12, 2021 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of financial markets for
11,000 U.S. and global securities, today announced Wesdome Gold
Mines Ltd. (TSX: WDO.TO) (OTCQX: WDOFF), a Canadian focused company
with a pipeline of projects in various stages of development, has
qualified to trade on the OTCQX® Best
Market. Wesdome Gold Mines Ltd. upgraded to OTCQX from the
Pink® market.
Wesdome Gold Mines Ltd. begins trading today on OTCQX under the
symbol "WDOFF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
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
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
Mr. Duncan Middlemiss, President
and CEO commented, "We are pleased to have achieved this milestone
and to commence trading on OTCQX. Joining the market is expected to
enhance our liquidity and visibility in the U.S market and provide
access to a broader set of investors."
Dorsey & Whitney LLP acted as the company's OTCQX
sponsor.
About Wesdome Gold Mines Ltd.
Wesdome is Canadian
focused with a pipeline of projects in various stages of
development. The Company's strategy is to build Canada's next intermediate gold producer,
producing 200,000+ ounces from two mines in Ontario and Québec. The Eagle River
Underground Mine in Wawa, Ontario
is currently producing gold at a rate of 92,000 – 105,000 ounces
per year. Wesdome is actively exploring its brownfields asset,
the Kiena Complex in Val d'Or,
Québec. The Kiena Complex is a fully permitted former mine
with a 930-metre shaft and 2,000 tonne-per-day mill, and a restart
of operations was announced on May
26, 2021. The Company has completed a PFS in support of
the production restart decision. The Company also retains
meaningful exposure to the Moss Lake gold deposit, located 100
kilometres west of Thunder Bay,
Ontario through its equity position in Goldshore Resources
Inc. The Company has approximately 139.7 million shares issued and
outstanding and trades on the Toronto Stock Exchange under the
symbol "WDO".
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX®
Best Market, the OTCQB® Venture Market and
the Pink® Open Market for 11,000 U.S. and
global securities. Through OTC Link®
ATS and OTC Link ECN, we connect a diverse network of
broker-dealers that provide liquidity and execution
services. We enable investors to easily trade through the
broker of their choice and empower companies to improve the quality
of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.