SASKATOON, Feb. 1, 2012 /CNW/ - Golden Band Resources Inc. (Golden Band
or the Company) (TSXV: GBN; OTCQX: GBRIF) is pleased to announce that it has commenced trading today on the OTC
market's premier tier, OTCQX International. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com.
"The OTCQX platform supports a transparent marketplace with high quality
issuers, financial information disclosure and efficient trading for
U.S. investors," said R. Cromwell Clousen, President and Chief
Executive Officer of OTC Markets Group. "We are pleased to welcome
Golden Band Resources to OTCQX."
INTL Trading, Inc. will serve as Golden Band's Principal American
Liaison (PAL) on OTCQX, responsible for providing guidance on OTCQX
requirements and U. S. Securities laws.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for
broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that
provide investors with the best prices in over 10,000 OTC securities.
We categorize the wide spectrum of OTC-traded companies into three
tiers - OTCQX (the intelligent marketplace), OTCQB® (the venture marketplace), and OTC Pink™ (the open marketplace) - so investors can identify the level and
quality of information companies provide. To learn more about how OTC
Markets Group makes the unlisted markets more transparent, informed,
and efficient, visit www.otcmarkets.com. <http://www.otcmarkets.com/>
About Golden Band
Golden Band Resources Inc., already Saskatchewan's leading gold
explorer, is now also its newest gold producer. Golden Band is a
Saskatchewan-based, publicly listed company (TSXV: GBN; OTCQX: GBRIF)
whose focus is the long-term, systematic exploration and development of
its 100%-owned La Ronge Gold Belt properties. Since 1994, Golden Band
has assembled through staking and strategic acquisition a land package
of more than 875 km2, including 12 known gold deposits, four former producing mines, and a
licensed gold mill. Golden Band's key value drivers are the methodical
and systematic targeting of primary to advanced-stage exploration while
progressing along a parallel path of being a sustainable gold producer.
The Company is aggressively pursuing its near-term goal of commercial
production of its Bingo, Komis, and EP deposits with processing at the
100%-owned Jolu mill. The Company's objective is the annual production
of at least 75,000 ounces of gold over a ten-year project life. Other
longer-term objectives include the continuation of its highly
successful exploration and acquisition strategies.
A.Robson Garden, President and CEO
Caution Regarding Forward-Looking Information and Statements
This document includes statements and information about the Company's
expectations for the future. When Golden Band's strategy, plans, and
future financial and operating performance, or other things that have
not yet taken place, are discussed, the Company is making statements
considered to be forward-looking information or forward-looking
statements under Canadian and United States securities laws. Such
forward-looking information and statements in this document are
referred to as "forward-looking information".
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as, for example, "plans", "expects" or
"does not expect", "is expected", "budget", "goal", "target",
"project", "potential", "strategy", "outlook", "scheduled", "predicts",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate" or "believes", and similar expressions, or the negative
connotation thereof or variations of such words and phrases or
statements that certain actions, events or results, "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the
negative connotation thereof.
Readers are cautioned that the forward-looking information in this
document represents Golden Band's current views and can change
significantly. Forward-looking information contained in this document
is based on certain material assumptions, including, but not limited
geological and other conditions that may affect exploration,
development, and the amenability for mining;
the Company's ability to comply with current and future environmental,
safety and other regulatory requirements, and to obtain and maintain
required regulatory approvals; and,
the Company's operations not being significantly disrupted as a result
of political instability, nationalization, terrorism, sabotage,
blockades, breakdown, natural disasters, governmental or political
actions, litigation or arbitration proceedings, or other development or
Readers are cautioned that such assumptions are not exhaustive and may
prove to be incorrect. Although the Company believes that the
assumptions on which the forward-looking information is based are
reasonable, undue reliance should not be placed on the forward-looking
statements because Golden Band can give no assurance that they will
prove to be correct.
Actual results and events may be significantly different from those
currently expected due to a number of material risks. These include,
but are not limited to:
the Company's inability to enforce its legal rights, or its being
subject to litigation or arbitration that has an adverse effect on the
defects in title to the Company's properties;
unexpected or challenging geological, hydrological, or mining
environmental, safety and regulatory risks, including increased
regulatory burdens or delays;
the Company's inability to obtain or maintain necessary permits or
approvals from government authorities or other third parties;
changes to government regulations or policies, including, but not
limited to, tax and trade laws and policies;
natural phenomena, including, but not limited to, inclement weather,
fire, and flooding; and,
operational disruption of the Company due to problems and other
developments and operating risks.
In addition, Golden Band's annual and interim MD&A, which are available on SEDAR at www.sedar.com, include a discussion of other material risks that could cause actual
results to differ significantly from the Company's current
Forward-looking information is designed to help the reader understand
management's current views of the Company's near and longer-term
prospects, and it may not be appropriate for other purposes. The
forward-looking information contained in this document is made as of
the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking information, whether as a result
of new information, future events or otherwise, unless so required by
applicable securities laws.
The forward-looking information is expressly qualified by these
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.
SOURCE Golden Band Resources Inc.
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