Granite Creek Copper Shares Temporarily Delisted Due to TSX Technical Error
Granite Creek Copper Ltd. (GCXXF) announced that its shares will resume trading on December 2 after an erroneous delisting caused by a technical issue at the Toronto Stock Exchange. The company confirmed no new material events occurred. Additionally, Granite Creek recently completed the acquisition of Copper North Mining, combining resources to create a new copper-focused exploration company with high development potential. Copper North shares have been delisted and converted to Granite Creek shares at a 2.5:1 ratio. A live webinar discussing the company's developments is scheduled for December 3.
- Completed acquisition of Copper North Mining, enhancing resource base.
- Creation of a new copper-focused exploration company with significant potential.
- Shares were erroneously delisted, causing temporary trading disruption.
Trading to Resume 6:30am PST Wednesday, December 2nd
VANCOUVER, BC / ACCESSWIRE / December 1, 2020 / Granite Creek Copper Ltd. (TSXV:GCX)(OTC PINK:GCXXF) ("Granite Creek" or the "Company") announces that trading in shares of the Company was erroneously delisted today as a result of a technical error on the part of the Toronto Stock Exchange. There have been no new material events. Trading will resume December 2nd at market open.
As noted in a news release dated November 27, the Company recently completed the acquisition of adjacent Copper North Mining (TSX.V: COL) and anticipates drill results from the program described in yesterday's news release to be available beginning this month. The transaction combines Copper North's PEA-stage Carmacks Copper-Gold Project with Granite Creek's Stu Copper-Gold Project (now Carmacks North), creating a significant new copper-focused exploration and development company with an existing NI 43-101 mineral resource estimate and exceptional expansion potential.
Copper North shares have been permanently delisted from the TSX and converted to Granite Creek shares at a 2.5:1 ratio COL to GCX, per the terms of the Plan of Arrangement described in a news release dated August 31, 2020.
Granite Creek Copper will be hosting a live webinar event on Thursday, December 3rd at 08:00PST / 11:00am EST during which President & CEO, Tim Johnson, will discuss the latest developments with the Company and plans moving forward. Click here to register.
About Granite Creek Copper
Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the Yukon's Minto copper district where it holds the Carmacks and Carmacks North project. This combined 176-square-kilometer property is on trend with Pembridge Resources' high-grade Minto copper-gold mine to the north and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Granite Creek Copper Ltd.
View source version on accesswire.com:
https://www.accesswire.com/619002/Granite-Creek-Copper-Shares-Temporarily-Delisted-Due-to-TSX-Technical-Error
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