Shares of Red Metal Resources Ltd (OTCMKTS:RMES) have been trading within narrow range after the recent sell-off.
Market Reaction
On Friday, RMES stock ended flat at $0.1738 with more than 50 shares, compared to its average volume of 9.9K shares. The stock has moved within a range of $0.1738 – 0.1738 after opening trade at $0.1738.
Announces Receipt of Final Prospectus and Conditional Approval for Listing on the CSE
Mineral exploration company focusing on aggressive growth through acquisitions and development of copper-cobalt-gold assets in Chile, Red Metal Resources Ltd (OTCMKTS:RMES) on November 19, 2021 announced obtaining conditional approval from Canadian Securities Exchange for listing of its common shares.
The firm has already filed and got a receipt in relation to listing for a final non-offering prospectus with the B.C. Securities Commission for becoming reporting issuer in province of British Columbia.
The company is in process of giving all documents needed pursuant to the CSE conditional approval letter. It will also deliver an escrow release notice to Computershare Trust Company of Canada for release of $969,030 of escrowed funds kept pursuant to terms of a subscription receipt agreement dated June 15, 2021.
The Common shares will start trading on the Canadian stock exchange under the symbol “RMES” after receiving all final conditional listing materials.
Caitlin Jeffs, P. Geo., President and CEO of the firm said that it is excited on receiving the conditional approval for the listing on the Canadian Stock Exchange. Geo added that the firm is looking forward to trade on the stock exchange and receiving work quickly on its flagship flagshipFarellon Copper Gold project.
A copy of prospectus can be accessed under its profile on SEDAR.
Key Quote
Caitlin Jeffs, P. Geo., President and CEO of the Company, commented, “We are very excited to have received the conditional approval for the CSE listing and look forward to trading on the CSE and getting to work swiftly on our flagship Farellon Copper Gold project.”
