NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), regulated market operator for 12,000 U.S. and international securities, today announced Superior Gold Inc. (TSX-V: SGI; OTCQX: SUPGF), a gold producer based in Canada, has qualified to trade on the best OTCQX® market. Superior Gold Inc. switched to OTCQX from the Pink® market.
Superior Gold Inc. begins trading today on OTCQX under the symbol “SUPGF”. US investors can find the company’s current financial information and real-time Level 2 quotes at www.otcmarkets.com.
Upgrading to the OTCQX marketplace is an important step for companies looking to provide transparent trading to their US investors. For companies listed on a qualified international exchange, simplified market standards allow them to use their domestic market reports to make their information available in the United States. securities laws.
“We are excited to begin trading on the OTCQX market and are working towards DTC eligibility which we hope to achieve shortly, which will make it easier for US investors to trade Superior Gold shares,” commented Chris Jordaan, Chairman and Chief Executive Officer of Superior Gold Inc. “Superior Gold continues to focus on advancing to mid-tier gold producer status through targeted growth and the achievement of key objectives designed to improve tonnage throughput, head grade and overall gold production. We are also aiming for lower AISC costs with increased production offsetting our fixed costs. The Company has a growing endowment of mineral resources and additional milling capacity available. Superior Gold offers investors both short-term and long-term growth.
B. Riley Securities acted as the company’s OTCQX sponsor.
About Superior Gold Inc.
Superior Gold is a Canadian-based gold producer that owns 100% of Plutonic’s gold operations located in Western Australia. Plutonic’s gold operations include the Plutonic underground gold mine and central mill, numerous open pit projects including the Plutonic main pit pushback project, the Hermes open pit projects and a joint venture interest Bryan Basin. Superior Gold is focused on expanding the production of Plutonic Gold Operations and creating an intermediate gold producer with superior shareholder returns.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for the trading of 12,000 US and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Cheapest, OTCQB® Venture Market and Rose® Market open.
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