VANCOUVER, BC, July 7, 2021 /CNW/ - Gold Line Resources Ltd. (TSXV: GLDL) (Frankfurt: 4UZ) (WKN: A2QGWC) ("Gold Line" or the "Company") a company focused on acquiring and advancing mineral properties in the most prolific gold-producing regions of Sweden and Finland, is pleased to announce that it has been successfully uplisted from the OTC Pink Sheets to the OTCQB Venture Market ("OTCQB" or the "Market"). Gold Line will commence trading on the OTCQB as of market open on July 7, 2021 under the symbol "TLLZF".
The OTCQB, operated by OTC Markets Group Inc., offers investors transparent trading in entrepreneurial and development stage United States' and international companies. The OTCQB is recognized by the United States Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. Companies must be current in their financial reporting and must undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. The elevated compliance and quality standards required of OTCQB listed companies may provide investors with increased confidence in the companies in which they invest and is anticipated to provide the Company improved visibility in the US markets.
"Listing on the OTCQB is another important milestone for Gold Line Resources. It will help us to achieve greater visibility within the investment community, which should enhance our liquidity and increase our access to institutional and retail investors. This additional capital markets exposure will be valuable, as we work to build a our gold assets portfolio," stated CEO Adam Cegielski
About Gold Line Resources Ltd.
Gold Line is focused on advancing gold projects with significant exploration potential in prolific gold-producing regions of Sweden and Finland. Gold Line is working in one of the world's top mining jurisdictions and emerging exploration frontiers due to its strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape.
Gold Line currently holds a prospective portfolio of five gold exploration projects in Sweden: one project is in the Skelleftea belt of north-central Sweden and four projects, including the Långtjärn property, are located within the Gold Line Mineral Belt of north-central Sweden. The projects are located on a 200-kilometre Proterozoic greenstone sedimentary belt that is host to multiple gold showings and deposits.
On behalf of the Board of Directors of Gold Line Resources,
Adam Cegielski
CEO & Director
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Gold Line's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such 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.
Forward-looking statements in this news release include, among others, statements relating to the commencement of listing on the OTCQB, the business, exploration and development plans of Gold Line , the results of exploration and development activities, the anticipated benefits and impacts of listing on the OTCQB, including, without limitation, increased liquidity and capital markets exposure, increased access to retail and institutional investors, increased visibility in the US markets, and other statements that are not historical facts. Forward-looking statements are based on Gold Line's current beliefs and assumptions as to the outcome and timing of future events, including, but not limited to, that the listing on the OTCQB will commence on July 7, 2021, that the anticipated benefits and impacts of the OTCQB listing will be realized, including, without limitation, that the Company will experience increased liquidity and capital markets exposure, increased access to retail and institutional investors and increased visibility in the US markets. . By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: that there is no assurance that the benefits and impacts of the listing on the OTCQB will be as anticipated or be realized; Gold Line may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect Gold Line's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of Gold Line's securities, regardless of its operating performance; and the impact of COVID-19.
The forward-looking statements contained in this news release represent the expectations of Gold Line as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Gold Line does not undertake any obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE Gold Line Resources Ltd.
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