In a news release, gold explorer Cassiar Gold Corp. (GLDC:TSX.V; CGLCF:OTCQX) announced that its common shares have been uplisted and are now currently trading under the ticker symbol CGLCF on the OTCQX Best Market.
The company noted that its shares were upgraded from the OTCQB Venture Market to the OTCQX. Cassiar Gold advised additionally that its common shares will continue to trade as before under the symbol GLDC on the Toronto Venture Exchange.
The firm explained that "the OTCQX Best Market is the highest market tier of OTC Markets," and that it believes that the move to the OTCQX will serve to enhance visibility and access for potential investors in the U.S.
The company stated that to gain listing on the OTCQX, firms must meet and adhere to very high financial standards, implement excellent corporate governance practices and demonstrate compliance with required securities laws.
Cassiar Gold's CEO Marco Roque remarked, "We are pleased to commence trading on the OTCQX Market, which will provide increased accessibility and liquidity for U.S. investors."
"The timing coincides well with our imminent 15,000m exploration program at our flagship Cassiar Gold project and we anticipate providing steady updates on our progress over the coming months," Roque added.
Cassiar Gold Corp. is focused primarily on developing projects in British Columbia including its Cassiar Gold Project, which is an advanced-stage gold property with an Inferred resource estimate of 1 Moz Au.
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