NEW YORK, May 3, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Sandspring Resources Ltd. (TSX-V: SSP; OTCQX: SSPXF), a Canadian junior mining company, has qualified to trade on the OTCQX® Best Market. Sandspring Resources upgraded to OTCQX from the Pink® market.
Sandspring Resources begins trading today on OTCQX under the symbol "SSPXF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX will enable Sandspring Resources to build visibility, expand access to its news and financial disclosure and provide a more transparent trading market for its investors," said Jason Paltrowitz, Executive Vice President of OTC Markets Group. "We look forward to supporting Sandspring Resources and its shareholders in the public markets."
"Admission to the OTCQX market is part of a long-term strategy to allow for greater exposure, accessibility, and liquidity to a broader international audience" said Rich Munson, Chief Executive Officer of Sandspring Resources. "It provides us with a trading platform for current and future American investors as well as a means of increasing our international visibility."
Sandspring Resources Ltd. was sponsored for OTCQX by SecuritiesLawUSA, PC, a qualified 3rd party firm responsible for providing guidance on OTCQX requirements and recommending membership.
Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a definitive feasibility study for the multi-million ounce Toroparu Project in the Guyana, South America. A prefeasibility study completed in May 2013 (NI 43-101 Technical Report, Prefeasibility Study, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated May 24, 2013 completed by SRK Consulting (U.S.), Inc., available on SEDAR at www.sedar.com) outlined the design of an open-pit mine producing more than 200,000 ounces of gold annually over an initial 16-year mine life. Sandspring and Silver Wheaton have entered into a gold and silver purchase agreement for the Toroparu Project.
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, 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.
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SOURCE OTC Markets Group Inc.