Marifil Announces OTCQB Listing and DTC Eligibility
VANCOUVER, British Columbia, June 11, 2018 (GLOBE NEWSWIRE) -- Marifil Mines Limited (TSXV:MFM) (OTCQB:MFMLF) ("Marifil" or the "Company"), a company engaged in exploring, evaluating and acquiring mineral rich resource properties in Argentina, is pleased to announce that its common shares have been listed (the "Listing") for trading on the OTC Markets Group's OTCQB Venture Market (the "OTCQB") under the symbol "MFMLF". In addition to the OTCQB, Marifil's common shares will continue to trade on the TSX Venture Exchange.
The OTCQB offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Marifil at http://www.otcmarkets.com/stock/MFMLF/.
In connection with the Listing, the Company's common shares were also made eligible with the Depository Trust Company (the "DTC").
The 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 and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
Being DTC eligible is expected to greatly simplify the process of trading and exchange of the Company's common shares on the OTCQB.
ON BEHALF OF MARIFIL MINES LIMITED
"Rob Abenante"
Robert Abenante, President & CEO
Contact Information:
Phone: 604.424.8889
Email: info@marifilmines.com
Website: www.marifilmines.com
For further information regarding Marifil Mines Limited, please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at Marifil's Website (http://www.marifilmines.com).
General Disclaimer
Marifil Mines Limited "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.
Forward-Looking Statements
This news release contains forward-looking statements, including but not limited to comments regarding predictions and projections. More particularly, this document contains statements concerning the benefits of both DTC eligibility for the Company's shares and the listing of the Company's shares on OTCQB. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these 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), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.