Copper Creek Announces OTCQB Market Application, Cleared for US Trading and Applies to become DTC Eligible on US Markets
ancouver, February 28, 2018 - Copper Creek Gold Corp. (the "Company") (TSX-V: CPV; OTC Pink:CKVLF) is pleased to announce that it has started the process to upgrade the Company to the OTCQB(R) Venture Market. The Company currently trades on the Pink(R) Open Market. Tim Fernback stated "We are pleased about our application to OTC Markets Group's OTCQB Venture Market. We feel that this designation, if granted, will facilitate an increased following of shareholders and brokers who are more comfortable with1 OTCQB market standards."
About OTCQB:
The OTCQB Venture Market, operated by OTC Markets Group Inc., is designed for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and must undergo an annual verification and management certification process. Companies must also meet a minimum ($0.01) bid test and may not be in bankruptcy.. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. OTCQB criteria include:
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- Companies are current in their reporting to a U.S. regulator or are listed on a Qualified Foreign Exchange
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- Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
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- A verified Company Profile displayed on www.otcmarkets.com that is current and complete
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- Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
The Company also reports that it has applied to the Underwriting Department at the Depository Trust Company to become "DTC" full service eligible, which will allow for electronic trading. DTC is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible."
The ability to have the Company's shares electronically transferred between brokerages in the United States is significantly more convenient and reduces the costs incurred in trading shares.
When shares are able to trade electronically, existing investors benefit from greater liquidity and execution speeds, while opening the door to new investors that may have been previously been restricted from the Company's shares.
About Copper Creek Gold Corp - The Company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Western Canada. The Company has recently opened up an exploration office in Santiago, Chile to review mineral exploration opportunities in Chile and elsewhere in South America.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, Director
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.
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
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