Gold Basin Resources Corporation (OTCMKTS:GXXFF) Stock Continues to Trade in a Narrow Range

Shares of Gold Basin Resources Corporation (OTCMKTS:GXXFF) have been trading within a narrow range over the past month.

Market Reaction 

On Thursday, GXXFF stock ended flat at $0.2044 with 10k shares, compared to its average volume of 1.5K shares. The stock has moved within a range of $0.2044 – 0.2044 after opening trade at $0.2044. 

Final Approval Received by Gold Basin Resources for TSX Venture Exchange Listing

Gold Basin Resources Corporation (OTCMKTS:GXXFF) announced on December 17, 2021, about getting final approval from the TSX Venture Exchange. This approval is for the listing of the company’s common shares thereon. Trading for the common shares on the TSX Venture Exchange has begun from the time the market opened on December 20.

Michael Povey, Chief Executive Officer of the company states that this listing on the TSX Venture Exchange is a landmark moment for them. Not only will the listing boost the company’s visibility in domestic capital markets, but it will establish prominence globally too.

The company has recently completed financing and thus, is perfectly positioned to continue the advancement of their exploration of the Gold Basin project. Apart from listing their common shares on the TSX Venture Exchange, they have also submitted a request to voluntarily delist their common shares from the Canadian Securities Exchange. The CSE delisting should be effective at the close of market on December 17.

Trading symbol of the company – GXX, remains unchanged. Shareholders don’t have to take any action in regards to the connection with the TSX Venture Exchange listing. On the OTCQB, the company’s shares will continue to be listed under the GXXFF symbol.


Leave a Reply

Your email address will not be published.