OTC Markets Group Welcomes Lundin Gold Inc. to OTCQX
Lundin Gold Inc. (OTCQX: LUGDF) has successfully upgraded to the OTCQX® Best Market from the Pink® market, enhancing trading transparency for U.S. investors. The transition allows Lundin Gold to leverage its home market reporting to meet U.S. financial disclosure standards. This move is anticipated to attract a greater number of investors, supporting Lundin Gold's goal of maximizing shareholder value. The company operates the Fruta del Norte gold mine in Ecuador, known for its high-grade deposits, and aims to deliver economic and social benefits to local communities.
- Upgraded to OTCQX from Pink market, enhancing trading transparency.
- Expected to attract more U.S. investors.
- High-grade Fruta del Norte gold mine supports growth.
- None.
NEW YORK, June 28, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG; OTCQX: LUGDF), a Canadian mining company, has qualified to trade on the OTCQX® Best Market. Lundin Gold Inc. upgraded to OTCQX from the Pink® market.
Lundin Gold Inc. begins trading today on OTCQX under the symbol “LUGDF.” 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.
Ron Hochstein, Lundin Gold’s President and CEO, commented, "We are excited to graduate from the Pink® market and begin trading on the OTCQX Market. This achievement will give a greater number of investors the opportunity to invest in Lundin Gold and enable participation in our exciting growth story, where maximization of shareholder value is the primary consideration.”
Troutman Pepper Hamilton Sanders LLP acted as the Company’s OTCQX sponsor.
About Lundin Gold Inc.
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise in mine operations and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. The Company believes that the value created through the development of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador.
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
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