NEW YORK, May 12, 2020 /PRNewswire/ --OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Ely Gold Royalties Inc. (TSX-V: ELY; OTCQX: ELYGF), a junior royalty company with producing and development assets in Nevada and Quebec, has qualified to trade on the OTCQX® Best Market. Ely Gold Royalties Inc. upgraded to OTCQX from the OTCQB® Venture Market.
Ely Gold Royalties Inc. begins trading today on OTCQX under the symbol "ELYGF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
Trey Wasser, Ely Gold's President & CEO commented, "We are extremely pleased to have met the qualifications for the OTCQX where we will now trade with premier foreign issuers and where we will also be able to enhance our liquidity and strengthen our shareholder base. The past eighteen months has been very exciting for our team and our shareholders. We look forward to a bright future, building our royalty portfolio and generating returns for our shareholders."
Burns, Figa & Will PC acted as the company's OTCQX sponsor.
About Ely Gold Royalties Inc.
Ely Gold Royalties Inc. is a Nevada focused gold royalty company. Its current portfolio includes royalties at some of Nevada's largest gold mines, including Jerritt Canyon, Goldstrike and Marigold as well as the Fenelon property in Quebec, operated by Wallbridge Mining. Ely Gold's royalty portfolio includes several advanced projects that are scheduled for production by 2023. The Company continues to actively seek opportunities to purchase producing or near-term producing royalties. Ely Gold is also generating development royalties through property sales on projects that are located at or near producing mines. Management believes that due to the Company's ability to locate and purchase third-party royalties, its successful strategy of organically creating royalties and its gold focus, Ely Gold offers shareholders a low-risk leverage to gold prices and low-cost access to long-term gold royalties.
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 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-ely-gold-royalties-inc-to-otcqx-301057183.html
SOURCE OTC Markets Group Inc.