Toronto, Ontario--(Newsfile Corp. - February 3, 2025) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company") is pleased to announce the Company is now trading on the OTCQB in the United States under the symbol MRIVF.
"We are pleased to begin trading on the OTCQB as part of our strategy to make Moon River shares more accessible to retail and institutional investors in the U.S. market. The goals of this commencement of trading through the OTCQB market are to allow access and liquidity to both U.S. and international shareholders, and to strengthen that shareholding base," said President and Chief Executive Officer Paul Parisotto.
The OTCQB is recognized by the Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. As a verified market with efficient access for U.S. investors, OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation. Trading on the OTCQB gives Moon River a far greater network of U.S. investor data distributors and media partners, facilitating access to the same high-quality information that is available to investors in Canada to U.S. investors. U.S. investors can find Real-Time Level 2 quotes for the Company on www.otcmarkets.com. The Company's shares will continue to trade on the TSX Venture Exchange under the symbol "MOO", and the Company's public disclosure will continue to be available on SEDAR+ at www.sedarplus.ca.
The Company also wishes to announce that its shares have received DTC Eligibility. The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) and manages the electronic clearing and settlement of publicly traded companies. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors. Being DTC eligible is expected to further simplify the process of trading and exchange of the Company's common stock on the OTCQB in the U.S.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 12,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, it connects a diverse network of broker-dealers that provide liquidity and execution services. It enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
About Moon River
Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson Property which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia. The Company also holds 25% of one of the largest molybdenum mines in North America, the Endako Mine Complex also located in British Columbia.
For further information please contact:
Paul Parisotto, President, Chief Executive Officer and Director, at (416) 800-1753 or info@moonrivermoly.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "plans" and similar expressions, which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning the announcement of commencement of trading of the Company's common shares on the OTCQB in the United States.
These forward-looking statements reflect the current views of the Company, represent the expectations of the Company as of the date of this news release, and are based on certain assumptions that the Company has made in respect thereof as at the date of this press release.
Although the Company believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that the expectation, that the access and liquidity in the Company's common shares and the Company's shareholding base will be improved, will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including risks detailed in the Company's continuous disclosure, which are available on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release.
These risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
