VANCOUVER, British Columbia, August 4, 2016 /PRNewswire/ --
Wildcat Exploration Ltd, ("the Company or Wildcat"), (TSX-V: WEL; OTC PINK: WCTXF) is pleased to announce that it has secured DTC eligibility by The Depository Trust Company for its shares traded on the OTC Pink Markets under the symbol "WCTXF" effective August 2, 2016.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation ("DTCC"), and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
Being DTC eligible is expected to greatly simplify the process of trading and exchange the Company's common stock on the OTC marketplace in the United States.
About Wildcat Exploration Ltd: http://www.wildcat.ca
Wildcat Exploration Ltd is an exploration stage company. The Company is engaged in the acquisition and exploration of resource properties. The Company currently holds interests in resource properties in the province of Manitoba.
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.
1220-789 West Pender St
Vancouver BC V6C 1H2
SOURCE Wildcat Exploration Ltd