Vancouver, British Columbia, Canada –Thursday, January 14, 2021 – ZincX Resources Corp. (“ZincX Resources” or the “Company”, TSX Venture Exchange: ZNX) is pleased to announce that it has submitted an application to have its common shares listed for trading on the OTCQB market (the “OTCQB”), a U.S. trading platform that is operated by the OTC Markets Group in New York. The listing of the Company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements. This includes the filing of a Form 211 with the governing US securities regulators (i.e. FINRA), which has also been completed and is awaiting clearance, and application for DTC eligibility to enable trading on the OTCQB.
The OTCQB is recognized by the Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. As a verified market with efficient access for U.S. investors, OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.
“Recently we have had significant interest from U.S. based investors and prospective shareholders, so listing ZincX Resources on the OTCQB is an important step to provide easier access and trading capability in our Company’s common shares for both institutional and retail investors,” stated Peeyush Varshney, President and CEO of ZincX Resources. “This will contribute to one of our core strategies to enhance liquidity and trading markets for our Company’s shares.”
The Company will continue to trade on the TSX Venture Exchange under its existing symbol “ZNX”, in Frankfurt under its existing symbol “M9R” and in the US under its OTC Pink Market symbol “ZNCXF”.
The Akie Zn-Pb-Ag Project
The 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the regionally extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by ZincX Resources since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.