VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”) is pleased to announce that its common shares have been approved for trading in the United States on the OTCQB.
Viscount’s shares will begin trading under the symbol VLMGF. The Corporation will continue to trade on the Toronto Venture Exchange under its existing symbol VML.
Kaare Foy, Chairman of Viscount Mining, stated “The Company is moving forward with its US partnership in Nevada with Sumitomo Corporation, and trading on the OTCQB will create greater visibility with U.S investors as well as expedite the Company’s opportunity in the global capital markets. The new listing will complement our presence on the Toronto Venture Exchange, while facilitating and enhancing global trading in Viscount’s common shares, especially in the US market.”
Trading on the OTCQB does not involve the issuance of new common shares of the Corporation or any other securities. The common shares of the Corporation that are currently issued and outstanding, and trading on the Toronto Venture Exchange, may now also be traded through the OTCQB.
About OTC Markets Group:
In 2014, OTC Markets Group introduced standards and eligibility requirements for OTCQB with the goal of making it a better venture marketplace. To be eligible, companies must be current in their reporting to a U.S. or foreign regulator, pass a minimum bid price test and undergo an annual verification and management certification process providing additional information about the company’s insiders, advisors and share count. Companies that are approved to trade on OTCQB receive access to additional premium services to help them build visibility and improve transparency for investors.
About Viscount Mining (TSX-V: VML, OTCQB: VLMGF)
Viscount Miningis an exploration company with a portfolio of gold and silver properties in the Western United States including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to up to a 75% interest in the property by producing a bankable feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company’s website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Neither 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 contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.