Disclosure NewswireTMiCrowdNewswire - Aug 15, 2016
Vancouver, British Columbia: Wildcat Exploration Ltd, (“the Company or Wildcat”), (TSX-V: WEL; OTC Pink:WCTXF) is pleased to announce that it has stararted the process to upgrade the Company to the OTCQB® Venture Market. The Company currently trades on the Pink® Open Market.
CEO Harry Barr commented, “We are please about our application to OTC Markets Group’s OTCQB Venture Market. We feel that this designation, if granted, will facilitate an increased following of shareholders and brokers who are more comfortable with OTCQB market standards.”
The OTCQB Venture Market, operated by OTC Markets Group Inc., is designed for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must meet a minimum $0.01 bid price test, be current in their reporting and undergo an annual verification and management certification process. OTCQB companies cannot be in bankruptcy. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. OTCQB criteria include:
-Companies are current in their reporting to a U.S. regulator or are listed on a qualified international stock exchange
-Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
-A verified Company Profile displayed on www.otcmarkets.com that is current and complete
-Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
About Wildcat Exploration Ltd: http://www.wildcat.ca Wildcat Exploration Ltd is a well funded Canadian company focused on the exploration and development of minerals related to the lithium battery sector. The company has recently raised over $1.7 million dollars through a private placement. On July, 15th, 2016 the company announced an option agreement to acquire a large lithium exploration project at the Humboldt Salt Marsh in Dixie Valley, Nevada. The geologic setting and presence of lithium in active geothermal fluids and surface salts in Dixie Valley match characteristics of producing lithium brine deposits at Clayton Valley, Nevada and in South America. Wildcat is planning an exploration program to be carried out in the fall and winter months of 2016/2017.
On Behalf of the Board of Directors
Harry Barr, Chairman & CEO
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 contents of this news release.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions such as Exchange approval of the Option Agreement and the Financing and the Company’s ability to exercise the Option or close the Financing, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.