HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) said its shares have started to trade on the OTCQX Best Market in the US on Monday.
The gold exploration company listed on the TSX Venture Exchange in September 2019 after spinning out from junior Constantine Resources Ltd (CVE:CEM), while its shares began trading on the OTCQB Market in December 2019.
"HighGold Mining looks forward to continuing to build its investor base in the US by trading on OTCQX the highest market tier and increased participation in the virtual investor events sponsored by OTC Market Group," CEO Darwin Green said in a statement.
The OTCQX Market is designed for established, investor-focused US and international companies. To qualify, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
HighGold's flagship asset is the high-grade Johnson Tract polymetallic project located in coastal south-central in Alaska. It also controls a portfolio of high-quality, 100% owned gold projects in the Timmins, Ontario gold camp.
In addition to the move to the top-tier of the OTC markets, HighGold said it qualified for DTC eligibility to allow for easier, more efficient US trading.
"We have been advancing the DTC eligibility process for the past many months recognizing that this eligibility simplifies US trades in Canadian stocks and reduces trading costs for our US shareholders," CEO Green told investors. "Graduation to the OTCQX in combination with DTC eligibility are both anticipated to enhance liquidity within US markets."
The Vancouver-based company recently filed a maiden resource estimate for Johnson Tract outlining a higher confidence indicated resource of 2.1 million tonnes grading 10.9 grams per ton gold equivalent for 750,000 ounces of gold equivalent.
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