Fredericton, New Brunswick--(Newsfile Corp. - November 24, 2020) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) ("TRU" or the "Company") is pleased to announce that effective November 23, 2020, its common shares commenced trading on the OTCQB Venture Market (the "OTCQB Venture") in the United States under the stock symbol "TRUIF".
The OTCQB Venture is a U.S. trading platform that is operated by the OTC Markets Group in New York, and is the premiere marketplace for early-stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB Venture quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Investors can find real-time quote and market information for TRU at https://www.otcmarkets.com/stock/TRUIF/overview.
TRU Co-Founder and CEO, Joel Freudman, commented: "As our Company continues to grow, so too does our shareholder base. Listing on the OTCQB Venture is part of a long-term strategy to introduce the Company to a broader audience. Trading on the OTCQB Venture will assist in increasing TRU's visibility in the U.S., offering U.S. prospective investors exposure to our rapidly-expanding presence in the Central Newfoundland Gold Belt and our diversified asset base."
TRU's common shares will also continue to trade on the TSX Venture Exchange under the symbol "TRU".
The Company also announces that, subject to regulatory approval by TSX Venture Exchange, it has granted 500,000 incentive stock options ("Options") to a consultant in accordance with the Company's stock option plan. These Options have an exercise price of $0.295 each and a three-year term, and vest immediately.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 10,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, the OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.
About TRU Precious Metals Corp.
TRU seeks unique value-creation opportunities, and is currently assembling a portfolio of gold exploration properties in the Central Newfoundland Gold Belt. The Company's common shares trade on the TSX Venture Exchange under the symbol "TRU", and on the OTCQB Venture Market under the symbol "TRUIF".
TRU is a portfolio company of Resurgent Capital Corp. ("Resurgent"), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization Canadian companies.
For further information, please contact:
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: (647) 880-6414
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain forward-looking statements, including those relating to the benefits of the Company's OTCQB listing, the Company's corporate strategy, and regulatory approval of an Options grant. These statements are based on numerous assumptions believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: volatility in financial markets, economic conditions, and precious metals prices; regulatory approval process; and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.
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