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EagleOne Metals (OTC: EGLMF) announced that its Form 211 has completed FINRA review and its common shares are now quoted on the OTC Open Market. The company is pursuing DTC eligibility and plans to apply for an upgrade to the OTCQB Venture Market.
EagleOne also terminated the proposed Surupampa Project acquisition in Peru. The decision avoids issuing 18,750,000 common shares that would have been required, with management citing preservation of shareholder value and capital structure discipline as key considerations.