VANCOUVER, BC, Aug. 12, 2021 /CNW/ -- Silverton Metals Corp.
(TSX-V: SVTN) (OTC: SVTNF) ("Silverton" or the "Company") is pleased to
announce that its common shares are now eligible for electronic
clearing and settlement through the Depository Trust Company
("DTC") in the United States.
DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered to be "DTC eligible". DTC eligibility is expected to
simplify the process of trading and enhance liquidity of the
Company's common shares in the United
States.
With the Company's shares now traded electronically, existing
investors benefit from potentially greater liquidity and execution
speeds, while we've also opened the door to new investors that may
have been previously restricted from our stock.
About Silverton Metals Corp
Silverton Metals Corp is a Canadian company focused on the
exploration and development of quality silver projects. The company
holds a 100% interest in three significant silver assets in
Mexico – Penasco Quemado in
Sonora; La Frazada, Nayarit and Pluto, in Durango. Silverton acquired these assets from
Silver One Resources, one of the company's largest
shareholder. Silverton management
and board have extensive experience identifying and evaluating
acquisition targets and exploration prospects. The company intends
to build a strong portfolio of silver-rich projects to drive future
growth by exploration success and from later stage projects with
production potential. To achieve this growth the Silverton business plan calls for a dynamic
combination of development of its existing properties,
acquisitions, and partnerships.
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. Silverton cautions that all forward looking
statements are inherently uncertain and that actual performance may
be affected by a number of material factors, many of which are
beyond Silverton's control. Such
factors include, among other things: risks and uncertainties
relating to Silverton's limited
operating history and the need to comply with environmental and
governmental regulations. Accordingly, actual and future
events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or
implied in the forward looking information. Except as required
under applicable securities legislation, Silverton undertakes no obligation to publicly
update or revise forward-looking information.
NEITHER 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.
For further information please contact:
Silverton
Metals Corp.
John Theobald, CEO and Director
www.silvertonmetals.ca
(604) 683-0911
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SOURCE Silverton Metals Corp.