Yellowhead delists from over-the-counter market

Yellowhead Mining Inc. announced on Thursday that the company’s common shares will be voluntarily delisted from the OTCQX

Yellowhead Mining Inc. announced on Thursday that the company’s common shares will be voluntarily delisted from the OTCQX effective the close of market Sept. 5.

The common shares of the Company continue to trade on the Toronto Stock Exchange under the symbol “YMI”.

According to Wikipedia, OTC Markets Group, Inc., headquartered in New York City, operates a financial marketplaces platform providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities.

OTC-traded securities are organized into three marketplaces to inform investors of opportunities and risks: OTCQX, OTCQB and OTC Pink. Of these, OTCQX has the highest financial and quality standards.

Yellowhead’s Harper Creek Project is a copper-gold-silver volcanogenic sulphide deposit located approximately 10 kilometers southwest of Vavenby.

A feasibility study demonstrated a 28 year project life at a milling rate of 70,000 tpd (25.55Mt/y). The project as designed is expected to produce a total of 3.63 billion pounds of copper, 372,000 ounces of gold and 14 million ounces of silver contained in concentrate.

As of Friday afternoon, Yellowhead shares, which had been trading at nearly 80 cents a year earlier, were at 20 cents – down 13 per cent from the day before.