Wesdome Announces Commencement of Trading on the OTCQX Market
12 Août 2021 - 1:30PM
Wesdome Gold Mines Ltd. (TSX: WDO; OTCQX: WDOFF) (“Wesdome” or the
“Company”) today announces that its common shares are now trading
on the OTCQX® under the ticker symbol WDOFF, after qualifying for
an upgrade from the Pink market. The OTCQX Best Market is the
highest market tier of OTC Markets on which 11,000 U.S. and global
securities trade. Wesdome common shares will continue to trade
on the TSX under the symbol WDO as the Company’s primary listing.
U.S. investors can find current financial disclosure and Real-Time
Level 2 quotes for the Company at 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.
Wesdome is also in the process of securing
Depository Trust Company ("DTC") eligibility for its common shares.
DTC manages electronic clearing and settlement of publicly
traded companies across the United States and in 131
other countries. Trading through DTC allows for
cost-effective clearing and guaranteed settlement, simplifying and
accelerating the settlement process of daily trades. U.S.
investors can find current financial disclosure and Real-Time Level
2 quotes for the company
on www.otcmarkets.com/stock/WDOFF/quote.
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.”
COVID-19
The health and safety of our employees,
contractors, vendors, and consultants is the Company’s top
priority. In response to the COVID-19 outbreak, Wesdome has adopted
all public health guidelines regarding safety measures and
protocols at all of its mine operations and corporate offices. In
addition, our internal COVID-19 Taskforce continues to monitor
developments and implement policies and programs intended to
protect those who are engaged in business with the Company.
Through care and planning, to date the Company
has successfully maintained operations, however there can be no
assurance that this will continue despite our best efforts. Future
conditions may warrant reduced or suspended production activities
which could negatively impact our ability to maintain projected
timelines and objectives. Consequently, the Company’s actual future
production and production guidance is subject to higher levels of
risk than usual. We are continuing to closely monitor the situation
and will provide updates as they become available.
ABOUT WESDOMEWesdome 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
140.0 million shares issued and outstanding and trades on the
Toronto Stock Exchange under the symbol “WDO”.
For further information, please
contact:
Duncan MiddlemissPresident and CEO416-360-3743 ext.
2019duncan.middlemiss@wesdome.com |
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Lindsay Carpenter DunlopVP Investor Relations416-360-3743 ext.
2025lindsay.dunlop@wesdome.com |
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220 Bay St, Suite 1200Toronto, ON, M5J 2W4Toll Free:
1-866-4-WDO-TSXPhone: 416-360-3743, Fax: 416-360-7620Website:
www.wesdome.com |
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PDF
available: http://ml.globenewswire.com/Resource/Download/7600cb44-8f05-48a8-8252-483c0056fad1
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