VANCOUVER, BC, July 14, 2021 /CNW/ - Fosterville South
Exploration Ltd. ("Fosterville South") or (the "Company") (TSXV:
FSX) (OTCQX: FSXLF) (Germany: 4TU)
is pleased to announce the initiation of trading on the OTCQX. The
OTCQX Best Market provides value and convenience to U.S. investors,
brokers and institutions seeking to trade Fosterville South shares
under the ticker symbol FSXLF. The OTCQX Best Market is OTC Markets
Group's premier market for established, investor-focused U.S. and
international companies. To be eligible, companies must meet high
financial standards, follow best practice corporate governance,
demonstrate compliance with U.S. securities laws, be current in
their disclosure, and have a professional third-party sponsor
introduction.
U.S. investors can find current financial disclosure and
Real-Time quotes for the company on
www.otcmarkets.com/stock/FSXLF/quote.
"We are pleased to reach the milestone of advancing to the
OTCQX, which gives US-based investors enhanced tools to analyze,
value and trade our securities" said Bryan Slusarchuk, CEO of
Fosterville South Exploration Ltd.
About Fosterville South Exploration Ltd.
Fosterville South began with two, 100% owned, high-grade gold
projects called the Lauriston and Golden Mountain Projects, and has
since acquired a large area of granted and application tenements
containing further epizonal (low-temperature) high-grade gold
mineralisation called the Providence Project and a large group of
recently consolidated license tenement applications called the
Walhalla Belt Project, which contain a variety of epizonal and
intrusion related style gold mineralisation, all in the state
of Victoria, Australia. The Fosterville South land
package, assembled over a multi-year period, notably includes a 600
sq. km property immediately to the south of and within the same
geological framework that hosts Kirkland Lake
Gold's Fosterville epizonal gold tenements. Additionally,
Fosterville South has gold-focused projects called the Moormbool
and Beechworth, which are also located in the state
of Victoria, Australia. Moormbool project has epizonal
style gold mineralisation and Beechworth has mesozonal and
intrusion relation gold mineralisation.
All of Fosterville South's properties, with the possible
exception of Moormbool, have had historical gold production from
hard rock sources despite limited modern exploration and
drilling.
On behalf of the Company
Bryan Slusarchuk
Chief Executive Officer
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. Fosterville South cautions
that all forward looking statements are inherently uncertain and
that actual performance may be affected by many material factors,
many of which are beyond their respective control. Such factors
include, among other things: risks and uncertainties relating to
Fosterville South's limited operating history, its exploration and
development activities on the Lauriston, Golden
Mountain and Beechworth Properties and the need to comply with
environmental and governmental regulations. Accordingly,
actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, Fosterville South
does not undertake to publicly update or revise forward-looking
information.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/fosterville-south-upgrades-to-the-otcqx-301333521.html
SOURCE Fosterville South Exploration Ltd.