VANCOUVER, BC, Nov. 30, 2020 /CNW/ - Filo Mining
Corp. (TSXV: FIL) (Nasdaq First North Growth Market: FIL)
(OTCQX: FLMMF) ("Filo Mining", or the "Company") 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 its current trading symbol "FLMMF".
Filo Mining will continue to trade on the TSXV in Canada, as its primary listing, and the Nasdaq
First North Growth Market in Stockholm under the symbol "FIL". View PDF
In addition to upgrading its listing to the OTCQX, the Company
is in the process of securing Depository Trust Company ("DTC")
eligibility for its common shares. DTC manages the electronic
clearing and settlement of publicly traded companies both in the
U.S. and globally, simplifying and accelerating the settlement
process for investors.
Jamie Beck, President & CEO,
comments, "By listing on the OTCQX and ultimately achieving DTC
eligibility, we have succeeded in making Filo shares more
accessible to an even broader range of investors. These important
milestones will strengthen our U.S. and global shareholder base and
increase the liquidity of our common shares to the benefit of all
investors, current and prospective."
The OTCQX® Best Market is for established, investor-focused U.S.
and international companies. To qualify for the OTCQX market,
companies must meet high financial standards, follow best practice
corporate governance, demonstrate compliance with U.S. securities
laws, be current in their disclosure, and have a professional
third-party sponsor introduction. The companies found on OTCQX are
distinguished by the integrity of their operations and diligence
with which they convey their qualifications. Investors can find
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
On behalf of Filo Mining,
Jamie Beck
President and CEO
ABOUT FILO MINING
Filo Mining is a Canadian exploration company focused on
advancing its 100% owned Filo del Sol project located in
Chile's Region III and San Juan
Province, Argentina. Filo del Sol
hosts a high-sulphidation epithermal copper-gold-silver deposit
associated with a large copper-gold porphyry system, and has an
existing 425Mt Indicated
Mineral Resource containing 4.4 million ounces of gold (at
0.32g/t), 147 million ounces of silver (at 10.7g/t), and 3.1
billion pounds of copper (at 0.33%) (see "NI 43-101 Technical
Report, Pre-feasibility Study for the Filo del Sol Project", dated
February 22, 2019). The Company
is currently exploring to define the significant resource expansion
potential at Filo del Sol. Multiple high-grade drill
intercepts along a 4km strike length extend the mineralization from
surface to depths of over 1 km, with all holes ending in
mineralization.
Filo Mining (a Lundin Group Company) is committed to responsible
mineral development, ensuring the project aligns with international
best practices and standards, while developing strong stakeholder
relationships.
ADDITIONAL INFORMATION
The Company's certified advisor on Nasdaq First North Growth
Market is Pareto Securities AB, +46 8 402 50 00,
certifiedadviser.se@paretosec.com.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
The information contained in each Filo Mining news release was
accurate at the time of dissemination but may be superseded by
subsequent news release(s).
The information in this release is subject to the disclosure
requirements of Filo Mining under the EU Market
Abuse Regulation. This information was submitted for
publication, through the agency of the contact person set out
below, on November 30, 2020 at 07:30
EST.
SOURCE Filo Mining Corp.