Canadian Goldfields Announces New U.S. Stock Symbol

Rhea-AI Summary

Canadian Goldfields Discovery Corp (OTC: CGMXF) announced that, effective at market open on February 25, 2026, its common shares will be quoted on the OTC Markets Platform under the new symbol CGMXF. The change aligns with the company's recent name change and acquisition of the Miminiska Gold Property in Ontario.

The company confirmed its shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC), which the company says should simplify U.S. trading, lower transaction costs, and enhance liquidity. Canadian Goldfields also filed an application to be quoted on the OTCQB Venture Market, subject to OTCQB approval and meeting all requirements.

Positive

• Shares now quoted under new OTC symbol CGMXF effective Feb 25, 2026
• DTC eligibility established to enable electronic clearing and settlement
• Company completed acquisition of the Miminiska Gold Property in Ontario
• Application submitted to be quoted on the OTCQB Venture Market

Negative

• OTCQB admission remains subject to approval and meeting all requirements
• No financial details provided for the Miminiska acquisition, limiting impact assessment

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Canadian Goldfields Discovery Corp. (TSXV: CGM) (OTC Pink: CGMXF) (the "Company") is pleased to announce that, effective of opening trading on February 25, 2026, its common shares will be quoted on the OTC Markets Platform under the new stock symbol "CGMXF". The new symbol aligns with the Company's recent name change and acquisition of the Miminiska Gold Property, located in Ontario, Canada.

The Company is also pleased to confirm that its common shares are eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC"). DTC simplifies the process of trading, reducing transaction costs, and enhances the liquidity of the Company's shares in the United States.

The Company has recently made an application to be quoted on the OTCQB Venture Market, a recognized US trading platform for established and developing companies. Admission to the OTCQB Venture Market remains subject to the approval of the OTCQB and satisfaction of all requirements.

Additional Information

John G. Booth
Chief Executive Officer
Canadian Goldfields Discovery Corp.
Phone: (604) 802-4447
Email: info@canadiangoldfields.com

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. The Company 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 the Company's limited operating history and the Company's planned exploration program for the Miminiska Gold Property is subject to change. 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, the Company 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285246

FAQ

What does the new OTC symbol CGMXF mean for Canadian Goldfields shareholders?

The new OTC symbol CGMXF replaces prior quotation and standardizes U.S. trading. According to the company, the symbol change aligns with its name change and recent acquisition, aiming to improve investor recognition and trading consistency in U.S. markets.

How does DTC eligibility affect trading of Canadian Goldfields (CGMXF) shares?

DTC eligibility enables electronic clearing and settlement of CGMXF shares in the U.S. According to the company, DTC should simplify trading, reduce transaction costs, and help enhance liquidity for U.S.-based investors and brokers.

Is Canadian Goldfields (CGMXF) listed on the OTCQB Venture Market yet?

No, the company has submitted an application but is not yet listed on OTCQB. According to the company, admission to the OTCQB Venture Market is pending approval and satisfaction of all OTCQB requirements.

When did Canadian Goldfields (CGMXF) change its OTC trading symbol?

The OTC trading symbol changed to CGMXF effective at market open on February 25, 2026. According to the company, the effective date coincides with its recent name change and the Miminiska acquisition.

What is the Miminiska Gold Property acquisition announced by Canadian Goldfields (CGMXF)?

The company announced acquisition of the Miminiska Gold Property in Ontario as part of its strategic updates. According to the company, the property acquisition motivated the OTC symbol change, though no transaction financials were disclosed.

Will DTC eligibility immediately improve liquidity for CGMXF shares?

DTC eligibility can facilitate trading and potentially improve liquidity over time, but results vary. According to the company, DTC simplifies settlement and reduces transaction costs, which may help liquidity but does not guarantee immediate volume increases.