Vancouver, B.C. January 21, 2021 – STEVENS GOLD NEVADA INC. (CSE: SG) (OTCQB: STVGF) (the “Company” or “Stevens Gold”)
has received approval from the Depository Trust Company, making its common shares eligible for electronic clearing and settlement through DTC’s automated processes. Stevens Gold common shares are quoted on the OTCQB under the symbol “STVGF.”
This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers while cutting costs and providing access to a wider network of brokerage firms, enabling the stock to be traded over a wider selection of firms by coming into compliance with their requirements.
“We expect that obtaining DTC eligibility will enhance liquidity, increase trading volume, and present Stevens Gold to an even broader range of investors in the United States,” stated Charles MaLette, President and CEO. “Having DTC eligibility makes it significantly easier for U.S.-based investors looking to buy our shares. This is the first step to tell the story of our Millennium Gold property in Arizona to a wider audience.”
DTC is a stock depository that facilitates and simplifies electronic trading of securities in the U.S. DTC, a subsidiary of the Depository Trust & Clearing Corp., is a member of the U.S. Federal Reserve System and a registered clearing agency within the Securities and Exchange Commission.
The OTCQB is a marketplace for entrepreneurial and development-stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.
About Stevens Gold
Stevens Gold (CSE:SG)(OTCQB:STVGF) is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Stevens Gold is exploring the optioned Millennium Gold property in Arizona. The Millennium Gold property consists of three State mineral leases totaling 1,920 acres and is in the general vicinity of the Oatman mining district where over 2 million ounces of bonanza-grade gold has been discovered and where Equinox’s Castle Mountain open pit gold mine is located, please see the Technical Report filed on SEDAR for more information.
ON BEHALF OF STEVENS GOLD NEVADA INC.
CEO, President, Director & Secretary
For Further Information:
Judy-Ann Pottinger, Investor Relations Manager
Purple Crown Communications Corp.
T: (604) 617-5290
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities. In addition, the securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States or to or for the benefit or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.
This press release includes forward-looking information within the meaning of Canadian securities legislation, concerning the business of Stevens Gold. Forward-looking information is based on certain key expectations and assumptions made by the management of Stevens Gold. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) it intends to complete a private placement offering of up to 3,181,818 units at a price of $0.22 per unit, (b) the Units will be sold to “accredited investors” and/or other exempt purchasers in Canada, (c) the net proceeds will be used as described above, (d) the Units will be as described, and (e) closing will take place on or about February 15, 2021. Although Stevens Gold believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance that they will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements.
Actual results may vary from the forward-looking information in this news release due to certain material risk factors described in the Corporation’s Annual Information Form under the heading “Risk Factors” and the failure to complete the Offering on the terms set forth herein in a timely manner or at all, the risk that regulatory approvals will not be received and the risk that changing circumstances will result in the proceeds being used in a manner other than as set forth herein. The Company cautions that the foregoing list of material risk factors and assumptions is not exhaustive.
The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.