Vancouver, BC (FSCwire) - 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce that it has been assigned the Legal Entity Identifier (“LEI”) number 529900XDIJAIG9QO0I38. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.

 

About the Legal Entity Identifier (LEI)

 

The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code.  It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements.  The Deutsche Borse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring and analysing threats to the stability of the financial markets, (but) it can also be utilised by counterparties internally for risk management purposes.”

 

92 Resources meets the requirement for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.

 

According to the website of the Deutsche Bӧrse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)

 

About 92 Resources Corp.

 

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The Company currently holds six properties in Canada, with three principal assets: the Hidden Lake Lithium Property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, BC.

 

The Hidden Lake Lithium Property is strategically located within the heart of the Yellowknife Pegmatite District with 2016 exploration results returning 1.90% Li₂O over 9 m and grab samples up to 3.3% Li₂O. The Property is easily road accessible and its proximity to infrastructure provides for numerous development advantages.

 

The Corvette property consists of 76 claims, totalling 3,891 hectares, situated within the Guyer greenstone belt, which is also a favourable geological environment for gold occurrences. A summer 2017 due diligence site visit has returned samples of 3.48% and 7.32% lithium dioxide from spodumene-bearing pegmatite exposed at surface.

 

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

 

On Behalf of the Board of Directors,

 

“ADRIAN LAMOUREUX”

 

Adrian Lamoureux, President & CEO

 

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 news release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/92Resources11202017.pdf

Source: 92 Resources Corp. (TSX Venture:NTY, OTCQB:RGDCF, FWB:R9G2)

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