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OTC Markets Group Welcomes Goldsource Mines Inc. to OTCQX

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OTC Markets Group Inc. (OTCM) announced that Goldsource Mines Inc. (GXSFF) has upgraded to trade on the OTCQX Best Market from the OTCQB Venture Market, effective today. This milestone is significant for Goldsource as it enables better visibility and liquidity among U.S. investors. CEO Stephen Parsons expressed enthusiasm for engaging with a broader shareholder base and sharing development plans for the Eagle Mountain Project. This transition is seen as a step towards enhancing the company's overall market presence.

Positive
  • Goldsource Mines Inc. upgraded to OTCQX Best Market, enhancing visibility.
  • Potential for increased U.S. investor interest and liquidity.
  • Leadership expresses commitment to development plans and shareholder engagement.
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  • None.

NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Goldsource Mines Inc. (TSX-V: GXS; OTCQX: GXSFF), a Canadian resource company, has qualified to trade on the OTCQX® Best Market. Goldsource Mines Inc. upgraded to OTCQX from the OTCQB® Venture Market.

Goldsource Mines Inc. begins trading today on OTCQX under the symbol “GXSFF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Stephen Parsons, CEO of Goldsource stated: “We are excited to transition to the OTCQX Best Market, an upgrade that will provide an opportunity to expand our U.S. shareholder base through enhanced awareness, improved visibility and trading liquidity. We look forward to sharing the Company’s phased development plans for our Eagle Mountain Project and opportunities for unlocking value with new U.S. investors.”

About Goldsource Mines Inc.
Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian exploration company focused on the 100%-owned Eagle Mountain gold project in Guyana, South America. The Company is led by an experienced management team, proven in making precious metals exploration discoveries and executing on phased project development in the Americas.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

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.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com


FAQ

What is the significance of Goldsource Mines Inc. transitioning to OTCQX?

The transition to OTCQX signifies enhanced visibility and improved trading liquidity, potentially attracting more U.S. investors.

When did Goldsource Mines Inc. start trading on OTCQX?

Goldsource Mines Inc. began trading on OTCQX on August 2, 2022.

What is the ticker symbol for Goldsource Mines Inc. on OTCQX?

Goldsource Mines Inc. trades under the ticker symbol 'GXSFF' on OTCQX.

What requirements must a company meet to qualify for OTCQX?

To qualify for OTCQX, companies must meet high financial standards, adhere to best governance practices, and comply with applicable securities laws.

Who is the CEO of Goldsource Mines Inc.?

The CEO of Goldsource Mines Inc. is Stephen Parsons.

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