Tarku Commences Trading on the Frankfurt and OTC Exchanges in the United States

Rhea-AI Summary

Tarku Resources Ltd (OTCQB: TRKUF) has begun trading on the Frankfurt Stock Exchange under the symbol 7TK and on the OTCQB in the US. This provides the company with an opportunity to expand its investor base beyond Canada, enhancing liquidity amid a strong precious metals market. Additionally, Tarku clarified details regarding its Silver Strike Transaction, stating it can earn up to a 75% interest in mineral claims over three years with specific financial and operational commitments.

Positive

• Trading commenced on the Frankfurt Stock Exchange and OTCQB, potentially increasing liquidity.
• Opportunity to expand investor base beyond Canada in a favorable precious metals market.

Negative

• The company must issue 3,000,000 common shares and incur up to US$3 million in project expenditures to earn the interest in the Silver Strike Project.

News Market Reaction – TRKUF

+2.76%

1 alert

+2.76% News Effect

On the day this news was published, TRKUF gained 2.76%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MONTREAL, QC / ACCESSWIRE / May 26, 2021 / Tarku Resources Ltd (TSXV:TKU)(FRA:7TK)(OTCQB:TRKUF) (the "Company" or "Tarku") announces that its common shares have commenced trading in Europe on the Frankfurt Stock Exchange ("FRA") under the symbol "7TK" and on the OTCQB Venture Marketplace ("OTCQB") in the United States under the symbol "TRKUF".

The OTCQB is a US trading platform that is operated by the OTC Markets Group in New York providing access to the significant US investor base. Tarku's OTCQB information can be found on the OTC Markets website: https://www.otcmarkets.com/stock/trkuf/overview.

The Frankfurt Stock Exchange is the world's third largest exchange. There are over 3,000 International companies listed on the Frankfurt Exchange and the investors trading on the Frankfurt Stock Exchange represent 35% of the world's investment capital. Tarku's FRA information can be found on: https://www.boerse-frankfurt.de/equity/tarku-resources-ltd.

Julien Davy, President and CEO of Tarku, stated: "Both the listing on the Frankfurt Stock Exchange in Europe and on the OTCQB in the US provides us with an excellent opportunity to expand our investor base beyond Canada and potentially increase liquidity. We are now able to offer our current and future international US and European investors easier access, trading, and disclosure in a strong precious metals market".

With the commencement of trading on the OTCQB, Tarku will now be available for trading on three marketplaces around the world including the Toronto Stock Venture Exchange ("TSX.V").

Clarification on the Silver Strike Transaction

Following TSXV recommendations, the Company wishes to clarify the information provided in its press release dated May 6th, 2021 regarding the Silver Strike Transaction. The first paragraph of the Update on the Silver strike Transaction should be read as follows:

On October 12, 2020, Tarku signed the final option agreement with arm's length parties (the "Vendors") under which Tarku can earn up to 75% interest over 3 years in 1,250 hectares of unpatented mineral claims (the "Unpatented Claims Agreement") in the Tombstone mining District, Arizona. Pursuant to the agreement, to earn the 75% interest in the Property, the Company shall issue 3,000,000 common shares (issued), pay US$ 175,000 yearly for three (3) years (of which a minimum of US$50,000 will be a cash payment and US$125,000 will be paid either in shares or in cash at the Company's discretion), and incur up to US$3 million in project expenditures to earn the interest.

The remain of the section remain unchanged.

About Tarku Resources Ltd. (TSX.V: TKU - FRA: 7TK - OTCBQ: TRKUF)

Tarku is an exploration company focused on new discoveries in favourable mining jurisdictions such as Quebec and Arizona. In Quebec, Tarku owns 100% of the "Three A's" exploration projects, (Apollo, Admiral and Atlas Projects), in the Matagami Greenstone belt, which has been interpreted by management as the eastern extension of the Detour Belt, and which has seen recent exploration successes by Midland Exploration Inc., Wallbridge Mining Company Ltd., Probe Metals Inc. In Arizona, in the Tombstone district, Tarku owns the option to acquire 75% on 20km2 in the Silver Strike Project.

Tarku Contact Information:

Email: investors@tarkuresources.com

Website: www.tarkuresources.com

Please follow @TarkuResources on LinkedIn, Facebook, Twitter and Instagram.

Neither 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 release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Tarku's periodic reports including the annual report or in the filings made by Tarku from time to time with securities regulatory authorities.

SOURCE: Tarku Resources ltd.

View source version on accesswire.com:
https://www.accesswire.com/649150/Tarku-Commences-Trading-on-the-Frankfurt-and-OTC-Exchanges-in-the-United-States

FAQ

What are the trading symbols for Tarku Resources on different exchanges?

Tarku Resources trades under the symbol TRKUF on OTCQB and 7TK on the Frankfurt Stock Exchange.

What is the significance of Tarku commencing trading on the OTCQB?

Beginning trading on the OTCQB offers Tarku access to a larger US investor base, enhancing its liquidity.

What is the Silver Strike Transaction announced by Tarku Resources?

Tarku can earn up to a 75% interest in 1,250 hectares of mineral claims in Arizona through specific financial commitments.

When did Tarku Resources start trading on the OTCQB?

Tarku Resources commenced trading on the OTCQB on May 26, 2021.