Golconda Gold begins trading on OTCQX

Executive Summary

• Golconda Gold Ltd. has qualified for and begun trading on the OTCQX Best Market, graduating from the OTCQB Market.
• The move is intended to increase visibility and access to U.S. investors as the company focuses on restarting its Summit gold and silver mine in New Mexico.

Key Details

• Listing Change: The company’s shares now trade on the OTCQX Best Market under the symbol "GGGOF".
• Previous Listing: The company was previously quoted on the OTCQB Market and continues to trade on the TSX Venture Exchange under the symbol "GG".
• Qualification Criteria: OTCQX requires companies to meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
• Strategic Context: The listing change coincides with the company's plan to restart the Summit gold and silver mine in New Mexico, U.S.

Notable Quotes

• "We are very pleased to have graduated to OTCQX, an important milestone as the company continues its growth. The admission to OTCQX comes at an opportune time as the company looks to focus on the U.S. markets, increasing access to and visibility of our shares to U.S. investors, as we restart our Summit gold and silver mine in New Mexico, U.S." — Ravi Sood, Chief Executive Officer