Trading Symbol: TSX-V: ZFR
Shares Outstanding: 33,395,961
HALIFAX, Nov. 3, 2016 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSX-V: ZFR) (OTC: ZPHYF) is pleased to announce that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective November 3, 2016.
The Depository Trust Company ("DTC") is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
David Felderhof, executive vice president, stated, "We are pleased to announce that we have obtained DTC eligibility, effective November 3, 2016. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock for our US investors. We continue to make positive steps to grow the Company and will continue to update our shareholders on our progress."
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. is a gold exploration and development company focused on advancing its flagship intrusion related shear hosted high grade Dawson Gold Project in Colorado, USA. Zephyr has commenced engineering and development studies along with additional exploration with a goal of completing a PEA as part of its efforts to advance the Dawson Project with the ultimate goal of production.
SOURCE Zephyr Minerals Ltd.
For further information: David Felderhof, Executive Vice President or Sean Tufford, VP Corporate Development, T: 902 446-4189 - F: 866 941-4715