OTC Markets Group Welcomes Callinex Mines Inc. to OTCQX
On January 25, 2022, Callinex Mines Inc. upgraded to the OTCQX Best Market from the Pink market, enhancing accessibility for U.S. investors under the symbol CLLXF. This transition signifies adherence to high financial standards and corporate governance. The company aims to expand its high-grade mineral deposits, particularly the Rainbow deposit located near vital infrastructure in Manitoba. A 2018 Preliminary Economic Assessment highlighted a pre-tax IRR of 34.1% and NPV of $230 million for its Bathurst projects.
- Upgraded to OTCQX from the Pink market, improving trading transparency.
- Aims to broaden investor access in the U.S.
- The Rainbow deposit is strategically located near infrastructure.
- 2018 PEA indicates strong financial metrics: pre-tax IRR of 34.1% and NPV of $230 million.
- None.
NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced Callinex Mines Inc. (TSX-V: CNX; OTCQX: CLLXF), a mineral exploration company advancing a portfolio of copper and zinc rich mineral deposits located in Canada, has qualified to trade on the OTCQX® Best Market. Callinex Mines Inc. upgraded to OTCQX from the Pink® market.
Callinex Mines Inc. begins trading today on OTCQX under the symbol “CLLXF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
“Callinex is pleased to begin trading on the OTCQX and broaden the investor universe that can invest in the Company as it aggressively expands the high-grade copper, zinc gold and silver Rainbow deposit. Rainbow is located within a mineral lease, less than 200m from a high-voltage hydroelectric power-line and 500m from a historic shaft with direct road access to processing facilities in Flin Flon, MB,” Max Porterfield, Callinex President and CEO, stated.
O'Neill Law LLP acted as the company’s OTCQX sponsor.
About Callinex Mines Inc.
Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of New Brunswick. A 2018 PEA on the Company’s Bathurst projects outlined a mine plan that generates a strong economic return with a pre-tax IRR of
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for over 11,000 U.S. and global securities. Through our regulated OTC Link® Alternative Trading Systems, the Company connects a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for their investors.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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