District Provides Notice to Shareholders who Seek to Transfer Shares in Preparation for Nasdaq First North Growth Listing
District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) has announced plans for a potential secondary listing on the Nasdaq First North Growth Market in Sweden. The company is providing notice to shareholders who wish to transfer their common shares from the TSX Venture Exchange to Swedish depository receipts (SDRs).
Shareholders interested in converting their shares to SDRs are advised to contact DNB Markets for detailed instructions. CEO Garrett Ainsworth noted an increase in Swedish shareholders, possibly due to excitement surrounding District's Viken energy metal deposit and potential lifting of Sweden's uranium moratorium.
Benefits of a Nasdaq First North listing include: a proven growth platform, an active market with strong investor demand, and increased visibility through the Nasdaq brand. The move aims to allow Swedish investors easier participation in District's development.
District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) ha annunciato piani per una potenziale quotazione secondaria sul Nasdaq First North Growth Market in Svezia. La società sta informando gli azionisti che desiderano trasferire le loro azioni ordinarie dalla TSX Venture Exchange ai certificati di deposito svedesi (SDR).
Gli azionisti interessati a convertire le loro azioni in SDR sono invitati a contattare DNB Markets per istruzioni dettagliate. Il CEO Garrett Ainsworth ha notato un aumento degli azionisti svedesi, probabilmente a causa dell'entusiasmo attorno al deposito di metalli energetici Viken di District e alla possibile revoca del divieto all'uranio in Svezia.
I vantaggi di una quotazione su Nasdaq First North comprendono: una piattaforma di crescita collaudata, un mercato attivo con una forte domanda da parte degli investitori e una maggiore visibilità tramite il marchio Nasdaq. La mossa mira a consentire agli investitori svedesi di partecipare più facilmente allo sviluppo di District.
District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) ha anunciado planes para una posible cotización secundaria en el Nasdaq First North Growth Market en Suecia. La empresa está notificando a los accionistas que deseen transferir sus acciones ordinarias de la TSX Venture Exchange a los recibos de depósito suecos (SDRs).
Se aconseja a los accionistas interesados en convertir sus acciones en SDRs que se pongan en contacto con DNB Markets para obtener instrucciones detalladas. El CEO Garrett Ainsworth mencionó un aumento en los accionistas suecos, posiblemente debido a la emoción en torno al depósito de metales energéticos Viken de District y a la posible suspensión de la moratoria sobre el uranio en Suecia.
Los beneficios de una cotización en Nasdaq First North incluyen: una plataforma de crecimiento comprobada, un mercado activo con una fuerte demanda de inversores y una mayor visibilidad a través de la marca Nasdaq. El movimiento tiene como objetivo permitir a los inversores suecos participar más fácilmente en el desarrollo de District.
디스트릭트 메탈스 코퍼레이션(District Metals Corp.)(TSXV: DMX)(OTCQB: DMXCF)(FSE: DFPP)는 스웨덴의 나스닥 퍼스트 노스 성장 시장에 대해 잠재적인 이차 상장 계획을 발표했습니다. 회사는 TSX 벤처 거래소에서 스웨덴 예탁증권(SDR)으로 보통주를 이전하고자 하는 주주에게 통지를 제공하고 있습니다.
SDR으로 자신의 주식을 변환하고자 하는 주주들은 상세한 지침을 위해 DNB 마켓에 연락할 것을 권장합니다. CEO 개릿 에인스워스는 디스트릭트의 비켄 에너지 금속 광상과 스웨덴의 우라늄 금지 조치 해제 가능성을 고려할 때 스웨덴 주주가 증가했다고 언급했습니다.
나스닥 퍼스트 노스 상장에는 입증된 성장 플랫폼, 강력한 투자자 수요를 가지고 있는 활발한 시장, 나스닥 브랜드를 통한 증가된 가시성이 포함됩니다. 이번 조치는 스웨덴 투자자들이 디스트릭트의 개발에 보다 쉽게 참여할 수 있도록 하기 위한 것입니다.
District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) a annoncé des plans pour une éventuelle cotation secondaire sur le Nasdaq First North Growth Market en Suède. L'entreprise informe les actionnaires qui souhaitent transférer leurs actions ordinaires de la TSX Venture Exchange vers des reçus de dépôt suédois (SDR).
Les actionnaires intéressés par la conversion de leurs actions en SDR sont invités à contacter DNB Markets pour des instructions détaillées. Le CEO Garrett Ainsworth a noté une augmentation des actionnaires suédois, possiblement en raison de l'enthousiasme autour du dépôt de métaux énergétiques Viken de District et de la possible levée du moratoire sur l'uranium en Suède.
Les avantages d'une cotation sur le Nasdaq First North incluent : une plateforme de croissance éprouvée, un marché actif avec une forte demande des investisseurs et une visibilité accrue grâce à la marque Nasdaq. Ce mouvement vise à permettre aux investisseurs suédois de participer plus facilement au développement de District.
District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) hat Pläne für eine potenzielle Zweitnotierung am Nasdaq First North Growth Market in Schweden angekündigt. Das Unternehmen informiert Aktionäre, die ihre Stammaktien von der TSX Venture Exchange in schwedische Depotbelege (SDRs) umwandeln möchten.
Aktionäre, die daran interessiert sind, ihre Aktien in SDRs umzuwandeln, werden gebeten, DNB Markets für detaillierte Anweisungen zu kontaktieren. CEO Garrett Ainsworth stellte einen Anstieg der schwedischen Aktionäre fest, möglicherweise aufgrund der Aufregung über Districts Viken-Energie-Metalllagerstätte und die mögliche Aufhebung des Uranmoratoriums in Schweden.
Die Vorteile einer Notierung am Nasdaq First North umfassen: eine bewährte Wachstumsplattform, einen aktiven Markt mit starker Nachfrage von Investoren und erhöhte Sichtbarkeit durch die Nasdaq-Marke. Der Schritt zielt darauf ab, schwedischen Investoren eine einfachere Teilnahme an Districts Entwicklung zu ermöglichen.
- Potential secondary listing on Nasdaq First North Growth Market in Sweden
- Increasing Swedish shareholder base
- 100% ownership of Viken energy metal deposit
- Potential lifting of uranium moratorium in Sweden
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to provide notice to shareholders who would like to transfer their common shares in the Company from the TSX Venture Exchange ("TSXV") to Swedish depository receipts ("SDRs"), financial instrument issued by a Swedish bank representing shares in a non-Swedish company. The Company is currently in the process of preparing for a potential secondary listing on the Nasdaq First North Growth Market ("Nasdaq First North") in Sweden.
To facilitate the conversion of common shares of District to SDRs in Sweden, shareholders are encouraged to contact DNB Markets, a part of DNB Bank ASA, Sweden Branch, to receive detailed instructions on how to proceed with the conversion of securities by emailing Securities Services & Custody at emissioner@dnb.se. DNB will reach out to shareholders via their bank or broker in order to establish a conversion date for those who wish to convert their common shares to SDRs.
Garrett Ainsworth, CEO, commented: "A significant increase of Swedish shareholders on District's share registry may be related to the excitement surrounding District's
Benefits of a Nasdaq First North listing are represented to be:
- Proven Growth Platform: More than 120 Nasdaq First North listed companies have grown and migrated to the Nasdaq Stockholm Main Market.
- Active Market: Strong investor demand for growth companies, both among retail investors as well as domestic and international institutional investors.
- Global Brand: The Nasdaq brand brings visibility and credibility, and can potentially help listed companies as they expand internationally and in talent acquisition (see Nasdaq First North website).
Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, PGeo, President and CEO of the Company. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Mr. Ainsworth has not verified any of the information regarding any of the properties or projects referred to herein other than District's Properties. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on District's Properties.
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.
District is a polymetallic exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The Viken Property covers
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District of south-central Sweden and is situated between the historic Falun Mine and Boliden's Garpenberg Mine that are located 25 km to the northwest and southeast, respectively. Two historic polymetallic mines and numerous polymetallic showings are located on the Tomtebo Property along an approximate 17 km trend that exhibits similar geology, structure, alteration and VMS/SedEx style mineralization as other significant mines within the district.
For further information on the Tomtebo Property, please see the technical report entitled "NI 43-101 Update Technical Report on the Tomtebo Project, Bergslagen Region of Sweden" dated effective October 15, 2020 and amended and restated on February 26, 2021, which is available on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors
"Garrett Ainsworth"
President and Chief Executive Officer
(604) 288-4430
Neither the 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.
Cautionary Statement Regarding "Forward-Looking Information"
This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things, statements relating to the Company's expectations with respect to the lifting of the moratorium on uranium exploration and mining in Sweden; the Nasdaq First North Growth Market listing and the timing and benefits therefrom; the Company's Swedish polymetallic properties; the Company's planned exploration activities, including its drill target strategy and next steps for the Swedish properties; and the Company's interpretations and expectations about the results on the Swedish properties.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation, assumptions about the reliability of historical data and the accuracy of publicly reported information regarding past and historic mines in the Bergslagen district; and in respect of the intention of the Swedish government to eventually lift or amend its moratorium on uranium exploration and mining in Sweden; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; and stability in financial and capital markets.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; that the Swedish government maintains its moratorium on uranium exploration and mining in Sweden for the foreseeable future; the Company's limited operating history; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify any mineral resources and mineral reserves; the substantial expenditures required to establish mineral reserves through drilling and the estimation of mineral reserves or mineral resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. For additional information regarding these risks, please see the Company's Annual Information Form dated July 11, 2022, under the heading "Risk Factors", which is available at www.sedarplus.ca. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224399
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