Sun Summit Obtains DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2022) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to announce it has received confirmation from the Depository Trust Company (DTC) that its common shares are now eligible for electronic clearing and settlement through the DTC in the United States.
Sharyn Alexander, President of Sun Summit, said: "We are pleased to have obtained our DTC eligibility, which streamlines the process of trading shares in the United States, and benefits our American shareholders. With DTC eligibility, the increased accessibility and visibility is expected to attract greater investment and trading liquidity from American investors as our shares will be available to a broader range of investors."
DTC is a subsidiary of the Depository Trust & Clearing Company, a US company that manages the electronic clearing and settlement of securities for publicly traded companies in the United States. With DTC eligibility, existing investors and brokers benefit from potentially greater liquidity, execution speeds, and reduction in costs, while opening the door to new investors that may have been previously restricted from the Company's common shares.
Sun Summit's common shares now trade on the OTCQB under the symbol SMREF and will continue to trade on the TSX Venture Exchange under the symbol SMN.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority targets through systematic exploration campaigns with year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com.
For further information, contact:
Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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