TSX: RMX | OTCQX: RBYCF
TORONTO, Nov. 8, 2017 /CNW/ - Rubicon Minerals
Corporation (TSX: RMX | OTCQX: RBYCF) ("Rubicon" or the
"Company") is pleased to announce that the Company has
qualified to trade on the OTCQX® Best Market ("OTCQX"), a
top-tier public market in the United
States.
Rubicon begins trading today on the OTCQX under the symbol
"RBYCF." U.S. investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Rubicon will continue to trade on the Toronto Stock Exchange under
the symbol "RMX".
Rubicon President and Chief Executive Officer George Ogilvie, P.Eng. commented, "Upgrading our
common shares to trade on OTCQX will improve access and liquidity
in the U.S. markets for current and prospective Rubicon
shareholders, and potentially assist in expanding and diversifying
our shareholder base. We continue to advance exploration activities
at the Phoenix Gold Project. We expect to complete our underground
drilling program shortly and potentially commence exploratory
underground development activities before year end. Our consultants
are evaluating the data collected from our exploration program with
the objective of updating the geological model for the F2 Gold
Deposit, including the structural analysis. We intend to provide
periodic updates as we complete the various elements of our
exploration program."
Rubicon Minerals was sponsored for OTCQX by Jenner & Block
LLP, a qualified third-party firm responsible for providing
guidance on OTCQX requirements and recommending
membership.
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 10,000 U.S. and global
securities. Through OTC Link® ATS, 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. OTC Link ATS is operated by
OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
About Rubicon Minerals Corporation
Rubicon Minerals
Corporation is an advanced gold exploration company that owns
the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern
Ontario, Canada. Additionally,
Rubicon controls over 280 square kilometres of prime exploration
ground in Red Lake and more than
900 square kilometres of mineral property interests in the emerging
Long Canyon gold district that straddles the Nevada-Utah
border in the United States.
Rubicon's shares are listed on the Toronto Stock Exchange
(RMX) and the OTCQX markets (RBYCF). For more
information, please visit our new website at
www.rubiconminerals.com.
RUBICON MINERALS CORPORATION
"George Ogilvie, P.Eng."
President and CEO
Cautionary Statement regarding Forward-Looking Statements
and other Cautionary Notes
This news release contains statements that constitute
"forward-looking statements" and "forward looking information"
(collectively, "forward-looking statements") within the meaning of
applicable Canadian and United
States securities legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "intends", "may",
"will", "should", "plans", "anticipates", "potential", "expects",
"estimates", "forecasts", "budget", "likely", "goal" and similar
expressions or statements that certain actions, events or results
may or may not be achieved or occur in the future. In some cases,
forward-looking information may be stated in the present tense,
such as in respect of current matters that may be continuing, or
that may have a future impact or effect. Forward-looking statements
reflect our current expectations and assumptions, and are subject
to a number of known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements to be materially different from any anticipated future
results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements include, but
are not limited to statements regarding the anticipated impact of
listing the Company's common shares on the OTCQX Best Market and
the details and timing of planned exploration and potential
underground exploratory development of the F2 Gold Deposit.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and
represent management's best judgment based on facts and assumptions
that management considers reasonable. If such opinions and
estimates prove to be incorrect, actual and future results may be
materially different than expressed in the forward-looking
statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Rubicon to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include,
among others: possible variations in mineralization, grade or
recovery or throughput rates; uncertainty of mineral resources,
inability to realize exploration potential, mineral grades and
mineral recovery estimates; actual results of current exploration
activities; actual results of reclamation activities; uncertainty
of future operations, delays in completion of exploration plans for
any reason including insufficient capital, delays in permitting,
and labour issues; conclusions of future economic or geological
evaluations; changes in project parameters as plans continue to be
refined; failure of equipment or processes to operate as
anticipated; accidents and other risks of the mining industry;
delays and other risks related to operations; timing and receipt of
regulatory approvals; the ability of Rubicon and other relevant
parties to satisfy regulatory requirements; the ability of Rubicon
to comply with its obligations under material agreements including
financing agreements; the availability of financing for proposed
programs and working capital requirements on reasonable terms; the
ability of third-party service providers to deliver services on
reasonable terms and in a timely manner; risks associated with the
ability to retain key executives and key operating personnel; cost
of environmental expenditures and potential environmental
liabilities; dissatisfaction or disputes with local communities or
First Nations or Aboriginal Communities; failure of plant,
equipment or processes to operate as anticipated; market conditions
and general business, economic, competitive, political and social
conditions; our ability to generate sufficient cash flow from
operations or obtain adequate financing to fund our capital
expenditures and working capital needs and meet our other
obligations; the volatility of our stock price, and the ability of
our common stock to remain listed and traded on the TSX.
Forward-looking statements contained herein are made as of
the date of this news release and Rubicon disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise, except as
required by applicable securities laws. Readers are advised to
carefully review and consider the risk factors identified in the
Company's annual information form dated March 29, 2017 under the heading "Risk Factors"
and in other continuous disclosure documents of the Company filed
at www.sedar.com for a discussion of the factors that could
cause Rubicon's actual results, performance and achievements to be
materially different from any anticipated future results,
performance or achievements expressed or implied by the
forward-looking statements. Readers are further cautioned that the
foregoing list of assumptions and risk factors is not exhaustive
and it is recommended that prospective investors consult the more
complete discussion of Rubicon's business, financial condition and
prospects that is included in this news release. The
forward-looking statements contained herein are expressly qualified
by this cautionary statement.
The Toronto Stock Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release
SOURCE Rubicon Minerals Corporation