Val-d'Or, Québec–(Newsfile Corp. – August 13, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") announces that it has made an application to the OTC Markets Group to be traded on the OTCQX® Best Market ("OTCQX") in response to the new amendments to Rule 15c2-11 adopted by the Securities and Exchange Commission which go into effect on September 28, 2021 (the "SEC Amendments"). Abitibi Royalties will remain a member of the Nasdaq International Designation Program and the Company will continue to trade on the TSX Venture Exchange under its symbol "RZZ".
The Company is aware that some of its U.S. shareholders have received letters from their brokerage firms outlining the SEC Amendments. In order to ensure compliance with the SEC Amendments, a Form 211 has been filed on behalf of the Company. The Company has been advised that the OTCQX application approval will ensure further compliance with the SEC Amendments.
The Company will provide further information once the application process is completed. The Company will look to continue to grow its investor exposure in the U.S., which includes evaluating the cost associated with a senior U.S. listing.
About Abitibi Royalties
Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or, Québec. In addition, the Company is building a portfolio of royalties on early-stage properties near producing mines and generating mineral projects for option or sale. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.
For additional information, please contact:
Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Forward Looking Statements:
This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93045