Signature Resources Limited: Announces Trading on the OTC Pink Market Platform
01.03.2016 | Marketwire
TORONTO, March 1, 2016 - Signature Resources Ltd. (TSX VENTURE:SGU, OTC PINK:SGGTF) (the "Company"), announces the initiation of trading of the Company on the OTC Pink under the symbol SGGTF.This platform will serve to facilitate the trading of the Company's securities by U.S. investors in US Dollars. By design, the Company intends to upgrade its initial OTC Pink to the QB tier. The OTC-QB is a higher tier of the OTC subject to more stringent reporting standards. As Signature is a listed Company on the TSX-V, management believes it meets the eligibility requirements for the Company to apply for this higher tier status.
The management of Signature recognizes that; transparency, full disclosure and more rigid reporting standards of the OTCQB versus the OTC Pink serve to establish investor confidence in the market, principles which the Company values and advocates.
"We are pleased that Signature will be able to develop a market in the U.S. through this, which will allow U.S. investors to participate in the exploration and development of the Signature's Lingman Lake gold property", commented, Mr. Walter Hanych, President and CEO of the Company.
About the Company.
Signature Resources Ltd. is an exploration company, publicly traded on the TSX Venture Exchange (TSX-V) under the symbol SGU, focused on the exploration and development of its Lingman Lake Property, located in Northwestern, Ontario. The property is at a preliminary stage and hosts a historic gold estimate which is to be evaluated to potentially bring the historic estimate to current compliant resource reporting.
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.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
ON BEHALF OF THE BOARD OF DIRECTORS OF SIGNATURE RESOURCES LTD.
Walter Hanych
Chief Executive Officer
Contact:
Signature Resources Ltd.
Walter Hanych, Chief Executive Officer
(705) 445-0184
www.signatureresources.ca