Prosper Gold Announces Commencement of Trading on the OTCQX Under the Symbol PGXFF

Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) (OTCQX: PGXFF) is pleased to announce that it has qualified to trade on the OTCQX® Best Market, a top-tier public market in the United States, and its common shares are now trading on the OTCQX under the ticker symbol "PGXFF". The Corporation will continue to trade on the TSX Venture Exchange ("TSXV") in Canada, as its primary listing under the symbol "PGX".

"By trading on OTCQX we have succeeded in making Prosper Gold shares more accessible to an even broader range of investors," stated Peter Bernier, President & CEO. "This important milestone will strengthen our U.S. and global shareholder base and increase liquidity to the benefit of all investors."

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Trading on the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. Investors can find information and trading status on Prosper at https://www.otcmarkets.com .

About Prosper Gold

Prosper Gold is a Canadian based mineral exploration company focused on discovery-stage gold properties. The Company is well-capitalized, has a tight share structure and is led by a proven management team with a track record of success. Prosper Gold is currently concentrating on its flagship Golden Sidewalk Project.

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the Company's Aug. 10, Sept. 8, and Sept. 15, 2020 news releases for details) in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The recently identified "Golden Corridor" lies immediately north of the unconformity in the western portion of the property and is characterized as a highly prospective, greater than 5-kilometre trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 3.3 by 0.5 kilometres.

For a detailed overview of Prosper Gold visit www.ProsperGoldCorp.com .

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

Qualified Person

The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., a Qualified Person under National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: " Peter Bernier "
Peter Bernier
President & CEO

For further information, please contact:

Peter Bernier
President & CEO
Prosper Gold Corp.
Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the Golden Sidewalk project and the benefits of the OTCQX listing, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Siren Gold

Auld Creek Project Announcement Clarification

Siren Gold Limited (ASX: SNG) (Siren or the Company) refers to the announcement dated 15 April 2024 titled “Bonanza East 12.4m @ 33.4 g/t AuEq, including 6m @ 53.4 g/t AuEq” and Mineral Resource Estimate as released on 21 August 2023 (Announcements).

Keep reading...Show less
Jordan Roy-Byrne, gold bars.

Jordan Roy-Byrne: Gold Hyperbole is Real, Price Setup "Super Bullish"

Gold has pulled back from its recent all-time high of more than US$2,400 per ounce, but remains elevated.

How high could the yellow metal rise in the longer term? Speaking to the Investing News Network, Jordan Roy-Byrne, CMT, MFTA, editor and publisher of the Daily Gold, shared his thoughts on where it may be headed in 2024 and beyond.

"We are in the real sweet spot for what is the biggest breakout for gold in the last 50 years," he said during the interview. "This is the time where a lot of the hyperbolic statements that people like me make, and have been making for the last three or four years — this is the time where it's really ripe for those things to actually play out."

Keep reading...Show less

AbraSilver Announces C$20 Million in Strategic Investments by Kinross Gold and Central Puerto and Formation of a Regional Partnership in Argentina

AbraSilver Resource Corp. (TSXV: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to announce that it has entered into subscription agreements in respect of a strategic C$20 million non-brokered private placement of AbraSilver common shares ("Common Shares") with Kinross Gold Corporation ("Kinross") (NYSE: KGC) (TSX: K) and an affiliate of Central Puerto SA ("Central Puerto") (NYSE: CEPU) at a subscription price of C$0.40 per Common Share (the "Private Placement").

Highlights
  • Each of Kinross and Central Puerto have entered into a subscription agreement with AbraSilver pursuant to which they will each invest C$10 million , resulting in aggregate gross proceeds of C$20 million to the Company.

  • The Company will issue an aggregate of 50,000,000 Common Shares at a subscription price of C$0.40 per Common Share, representing approximately a 3% premium to the closing price of the Common Shares on April 19, 2024 .

  • Upon closing of the Private Placement, Kinross and Central Puerto will each own approximately 4.0% of the outstanding Common Shares on an undiluted basis.

  • Following completion of the Private Placement, the Company plans to consolidate its Common Shares, on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares.

  • Upon closing of the Private Placement, AbraSilver will enter into an Investor Rights Agreement with each of Kinross and Central Puerto that includes, among other things, standard anti-dilution and equity participation rights and the formation of a Technical Advisory Committee and a Strategic & Operational Committee.

  • Pursuant to the terms of the Investor Rights Agreement with Kinross , AbraSilver and Kinross will form a regional partnership to jointly explore for and acquire new projects in Argentina focused on silver, gold, and copper.

Mr. John Miniotis , President and CEO of AbraSilver commented: "We are very excited to welcome both Kinross and Central Puerto as important strategic shareholders and partners. Through this transaction, AbraSilver is well funded for a dual strategy to aggressively advance the Diablillos project towards a production decision and to accelerate our exploration efforts. The Company also gains access to the deep technical expertise in mineral exploration, mine development, and power generation. We look forward to working closely with our new partners as we embark upon the next stages of successfully advancing the development of our high-quality Diablillos silver-gold project."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Magnetic Resources

Quarterly Appendix 5B Cash Flow Report

Magnetic Resources NL (Magnetic or the Company) has released its Quarterly Cash Flow Report.


Keep reading...Show less
Magnetic Resources

Quarterly Report for the Quarter Ended 31 March 2024

Magnetic Resources NL (Magnetic or the Company) is pleased to provide its Quarterly Activities Report for the period ending 31 March 2024.
Keep reading...Show less
Manuka Resources

Research & Development Funding for Enhancement of Silver Production at Wonawinta

Manuka Resources Limited (ASX: MKR) (“Manuka” or the “Company”) is pleased to announce it has received A$1.07M under the Australian Government’s R&D tax incentive scheme for a successful process improvement program undertaken by the Company to enhance Silver production at the Wonawinta Silver Mine.

Keep reading...Show less

Latest Press Releases

Related News

×