Chakana Copper Announces DTC Eligibility of Common Shares
TSX VENTURE: PERU
VANCOUVER, British Columbia, April 09, 2018 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V:PERU) (OTC:CHKKF) (FWB:1ZX) (the “Company” or “Chakana”), is pleased to announce it has received approval from The Depository Trust Company ("DTC") making the Company's shares DTC eligible.
DTC provides depository and book entry services for eligible stocks, as well as a settlement system. This means shares can trade electronically. Electronic clearing speeds up the delivery of stock and cash settlements, thereby accelerating trading for investors. DTC is the world's settlement organization for equities across the USA and in 131 other countries. In the USA, DTC handles some 1.4 million settlement transactions daily, valued at approximately $600 billion.
"We expect that being DTC eligible will greatly simplify the process of trading our common shares in the United States," stated Chakana Copper CEO David Kelley. "We look forward to keeping our shareholders up to date with progress at the Soledad Project in the weeks and months ahead.”
About Chakana Copper
Chakana Copper Corp. is a Canadian based minerals exploration company and through its wholly owned Peruvian subsidiary, Chakana Resources S.A.C., is currently advancing the Soledad project near Aija, in the Ancash region of the highly prolific Cordillera Negra mountain range of Peru.
ON BEHALF OF THE BOARD
(signed) “David Kelley”
President and CEO
For further information contact:
Michelle Borromeo, Manager – Corporate Communications
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Project, the potential to grow the Project, the potential to expand the mineralization, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief about the unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.