Toronto, Ontario / ACCESSWIRE / July 15, 2014 / Chilean Metals Inc. (TSX VENTURE:CMX)(OTCQX:CMETF) (the "Company") is pleased to announce that its common shares will commence trading on OTCQX International, a segment of the OTCQX marketplace in the U.S., effective July 15th, under the ticker CMETF. Trading on OTCQX is designed to provide current and future U.S.-based shareholders with greater access to and ease of trading in Chilean Metals Inc.'s shares.
Merriman Capital, Inc. a full service investment bank and Broker-Dealer serves as Chilean Metals Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
"Trading on the OTCQX is a natural step in the growth of Chilean Metals," commented Terry Lynch, CEO of Chilean Metals. "The US Capital markets are the most robust in the world and have a long history in supporting mining and exploration companies in their activities around the globe. With this new access, we are excited to start increasing our market visibility and sharing our vision with a larger audience of investors."
Investors can find current financial disclosure and Real-Time Level 2 quotes for Chilean Metals on www.otcmarkets.com. Financial disclosure and other information about the Company are also available at www.chileanmetals.com.
About Chilean Metals
Chilean Metals Inc., an exploration stage mining company, owns six 100%-owned properties comprising over 50,000 acres strategically located in the prolific IOCG ("Iron oxide-copper-gold") belt of Chile. Two of these projects are under review by third parties for possible purchase or joint venture. In addition Chilean Metals owns a 3% net smelter royalty (NSR) received from the recent sale of its Copaquire project to the Chilean subsidiary of Teck Resources Inc. Copaquire was adjacent Teck's operating Quebrada Blanca mine. Teck has the option to buy back 1% of the NSR for US$3 million at any time.
Chilean Metals Inc.
Terry Lynch CEO
This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Chilean Metals Inc.
SOURCE: Chilean Metals Inc.