VANCOUVER, BC, Sept. 10,
2024 /CNW/ - Nations Royalty Corp. (TSXV: NRC)
(OTCQB: NRYCF) ("Nations Royalty" or the "Company")
is pleased to announce that its common shares have qualified to
trade on the OTCQB® Venture Market ("OTCQB"), a
U.S. marketplace operated by OTC Markets Group Inc. (the
"OTC"), and will commence trading today under the
symbol "NRYCF". The common shares of the Company will continue
to trade on the TSX Venture Exchange under its symbol "NRC".
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company at
www.otcmarkets.com/stock/NRYCF/quote.
The OTC operates the world's largest electronic interdealer
quotation system for U.S. broker dealers and offers multiple media
channels to increase the visibility of OTC-quoted companies. Being
quoted on the OTCQB Market enables companies to efficiently build
broader investor awareness and provides U.S. investors with a
seamless trading facility to more easily trade through the broker
of their choice.
Qualifying for approval to be quoted on the OTCQB requires a
company to be current in its disclosure obligations, to pass a
minimum bid price test, and to complete an annual company
verification and management certification process. The OTCQB
quality standards create a solid baseline of transparency, as well
as the technology to improve the information and trading experience
for investors.
The Company also announces that it has changed its financial
year-end from May 31, to March 31. Following this change, the next
financial year will end March 31,
2025.
Further details relating to the change in year-end and reporting
periods in the new financial years going forward are available in a
Notice of Change of Structure prepared in accordance with Section
4.9 of National Instrument 51-102 - Continuous Disclosure
Obligations, filed on the Company's SEDAR+ profile.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the
OTCQX® Best Market, the OTCQB® Venture Market
and the Pink® Open Market for over 11,000 U.S. and
global securities. Through its regulated OTC Link®
Alternative Trading Systems, the company connects a diverse network
of broker-dealers that provide liquidity and execution
services. OTC Markets Group enables investors to easily
trade through the broker of their choice and empowers companies to
improve the quality of information available for their
investors.
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 OTC
Markets Group creates better informed and more efficient markets,
visit www.otcmarkets.com.
About Nations Royalty Corp.
The Company's vision is to unite First Nations and Indigenous
groups across Canada, welcoming
external investors to join the Company as shareholders. Together,
they will combine royalties, income and commodity streams and
annual benefit payment entitlements from resource projects, tapping
into the growth, diversification and value potential typical of
publicly traded royalty companies. As a leader in the spirit of
economic reconciliation, Nations Royalty's mission includes
capacity building of Indigenous People in public companies and
capital markets.
Nations Royalty's foundation begins with the right to receive
five annual payment entitlements in place in respect of the
following properties in Canada:
- The high-grade Brucejack gold mine operated by
Pretium Resources Inc., a wholly-owned indirect subsidiary of
Newmont Corporation, a large underground gold mine;
- The KSM Copper-Gold-Silver-Molybdenum deposit,
currently in development by Seabridge Gold Inc.;
- The Premier Gold Project, currently being
commissioned by Ascot Resources Ltd. with first gold pour completed
in April 2024;
- The Red Mountain Gold Deposit, owned by Ascot
Resources Ltd.; and
- The Kitsault Molybdenum Deposit, a large, fully
permitted brownfield site owned and being actively advanced by New
Moly LLC, majority-owned by Resource Capital Fund VI L.P.
Additional information about Nations Royalty can be found on its
website: www.nationsroyalty.ca and at www.sedarplus.ca.
On behalf of the Board of Directors of Nations Royalty
Corp.
"Robert McLeod"
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward-Looking
Information
This press release includes "forward-looking statements",
including statements regarding the benefits of OTC listing,
forecasts, estimates, expectations and objectives for future
operations that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Nations
Royalty. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be
guaranteed, and actual future results may vary materially.
The Company's forward-looking statements and information are
based on the assumptions, beliefs, expectations and opinions of
management as of the date of this news release, and other than as
required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements and information
if circumstances or management's assumptions, beliefs, expectations
or opinions should change, or changes in any other events affecting
such statements or information.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
SOURCE Nations Royalty Corp.
