VANCOUVER, BC, March 26, 2021 /CNW/ - Essex Minerals Inc. (the
"Company" or "Essex") (TSXV: ESX) (OTCQB: ESXMF) (Frankfurt: EWX1)
is pleased to announce that its common shares will commence trading
on the OTCQB Venture Market ("OTCQB") in the United States effective Friday, March 26, 2021. Essex will trade on the OTCQB under the symbol
"ESXMF" in addition to its primary listing on the TSX Venture
Exchange under its existing trading symbol "ESX". The Company is
also listed on the Frankfurt Stock Exchange under the trading
symbol "EWX1".
Paul Loudon, President and CEO of
Essex said: "We are excited to
commence trading on the OTCQB Venture Market. This listing gives us
exposure to the US investment community and is an important
milestone in our investor relations strategy."
The OTCQB Venture Market is for entrepreneurial and development
stage United States and
international companies. To be eligible, companies must be current
in their financial reporting, pass a minimum bid price test and
undergo an annual company verification and management certification
process. The OTCQB Venture Market quality standards provide a
strong baseline of transparency, as well as the technology and
regulation to improve the information and trading experience for
investors.
In addition, the Company has submitted an application to the
Depository Trust Company (the "DTC") to have the Company's common
shares eligible for delivery and depository services with the DTC
to facilitate electronic settlement of transfers of its common
shares in the United States.
Securities that are eligible to be electronically cleared and
settled through the DTC are considered "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 greatly reduces transactional costs for participating
stock brokerages. Investors can find the current Canadian financial
disclosure of the Company on its profile on www.sedar.com.
About Essex
Essex
Minerals is an exploration and development company focused on
mineral exploration and development opportunities where it can
adopt an option earn-in and joint venture model without the
issuance of vendor shares. By identifying geological
teams that have already expended the time and capital to assemble
top quality, advanced projects, with a particular emphasis on gold
projects in Tier 1 jurisdictions. Management's time is shared
across several different projects, as the geological teams already
in place manage the approved exploration and development
programmes. This strategy has the potential to accelerate the
growth in shareholder value for Essex by earning an interest in a range of
projects of merit in a much shorter time frame than otherwise would
be possible.
ON BEHALF OF ESSEX MINERALS
INC.
Paul Loudon
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Essex Minerals Inc