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Vancouver, B.C. / TheNewswire / September 29, 2016 - Avarone Metals Inc. (CSE: AVM) (Frankfurt: W2U1; WKN: A14SVX) (the "Company" or "Avarone") announces it has completed its quotation process in the United States, and its common shares are currently trading on the OTC Open Market under the trading symbol "AVRTF".Given the approval from the Financial Industry Regulatory Authority (FINRA), the Company is now proceeding with Depository Trust Company (DTC) eligibility, which, barring any unforeseen delays or concerns with the Company's application, is expected to take approximately 3 to 4 weeks to complete.
"Being quoted on the OTC Market increases our access to, and visibility among, retail and institutional investors in the United States.It will also provide additional liquidity for existing shareholders and new investors alike," commented Marc Levy, Chief Executive Officer of Avarone.
The Company's common shares will continue to trade on the Canadian Securities Exchange under the ticker symbol "AVM".
About OTC Markets Group
OTC Markets Group's financial markets provide investors with the information necessary to intelligently analyze, value, and trade 10,000 U.S. and global securities through the broker of their choice.Their markets empower companies to provide the levels of transparency necessary to create more efficient markets.Together with their SEC regulated Alternative Trading System, OTC Link(R) ATS, the combined transparency and transactional efficiency creates a compelling trading experience for investors.For more information on the OTC Markets Group, please visit www.otcmarkets.com.
About Depository Trust Company
The Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation DTCC, manages the electronic clearing and settlement of publicly traded companies.Securities that are eligible to be electronically cleared and settled through the DTC are considered 'DTC eligible".This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
On behalf of the Board of Directors,
AVARONE METALS INC.
Marc Levy
Chief Executive Officer
For more information, please
contact the Company at:
Telephone:(604) 669-9788
Facsimile:(604) 669-9768
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CSE nor its Regulation Services Provider (as that term is defined in
the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
No
stock exchange, securities commission or other regulatory authority
has approved or
disapproved the information contained herein. We seek Safe
Harbor.
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