Vanstar Mining Resources, Inc. upgraded to OTCQX from the Pink market and began trading today on the OTCQX under the symbol VMNGF.
JC St-Amour, President and CEO of Vanstar Mining commented,
“Our US investor base is an important group of shareholders and I am pleased to have upgraded to the OTCQX Market to provide more transparency and increase our exposure to one of the largest markets globally. Vanstar has several highly prospective gold properties in Quebec including our flagship property the Nelligan project which we jointly own and are developing with IAMGOLD. The Nelligan project hosts a world class gold deposit, is located in one of the best mining jurisdictions in the world and is being jointly explored and developed by a successful and experienced mining Company, IAMGOLD. This year promises to be an exciting year for Vanstar with exploration results expected from Nelligan and our other gold properties.”
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S.
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec. The company owns a 25% interest in the Nelligan project. Vanstar also owns 100% of the Felix property under development in the Chicobi Group and 100% of Amanda, a 7,677 ha property located on the Auclair formation.
Vanstar (VSR) opened on the TSXV at C$0.94 per share.
Vanstar (VMNGF) opened trading on the OTCQX at $0.77 per share.