Kootenay Zinc's OTCQB trading shares now DTC eligible
Kootenay Zinc Corp (C:ZNK)
Shares Issued 22,064,294
Last Close 3/9/2017 $0.45
Friday March 10 2017 - News Release
Mr. David Schmidt reports
KOOTENAY ZINC CORP. ANNOUNCES DTC ELIGIBILITY OF ITS OTCQB-LISTED COMMON SHARES & FRANKFURT LISTING
Kootenay Zinc Corp.'s common shares trade on the OTCQB, a U.S. interdealer quotation system, under the symbol KTNNF. The Company's common shares will also continue to trade on the Canadian Securities Exchange under its trading symbol "ZNK". In connection with the OTCQB listing, the Company obtained DTC eligibility with the Depository Trust Company for its common shares on the OTCQB. The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corp. and 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 shares and cash, and thus generally accelerates the settlement process for investors.
Achieving DTC eligibility to simplify trading of the Company's common shares on the OTCQB market makes it accessible to an even broader range of investors and is expected to assist with the Company's goal of increasing the liquidity and convenience of trading its common shares within the U.S.
In addition, the Company announces that its common shares trade on the Frankfurt Stock Exchange under the symbol "KYH" which should help increase the Company's shareholder base and provide increased access to the European capital markets.
About the Company
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative ("SEDEX") deposits.
The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property.
The scientific and technical information contained in this news release has been reviewed and approved by the Company's Project Manager, Paul Ransom, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
We seek Safe Harbor.
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