Vancouver, British Columbia / February 5, 2021 – Usha Resources Ltd. (“USHA” or the “Company”) (TSXV: USHA) (OTCQB: USHAF) is pleased to announce that its common shares (the “USHA Shares”) are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States. USHA trades on the OTCQB in the United States under the symbol USHAF.
DTC eligibility allows investors to trade and hold the USHA Shares electronically. Investors in the United States benefit by having a faster and more streamlined and efficient method to digitally transfer the USHA Shares. Additionally, underwriters, brokers and other market players that are DTC participants can use the service to purchase or sell USHA Shares through DTC’s automated processes. Having access to DTC services gives the Company greater exposure to the capital markets while at the same time offers various services including greater transparency of the USHA Shares.
“We are pleased to have received DTC eligibility to facilitate the trading of our common shares for U.S. investors and brokerage firms,” stated Deepak Varshney, CEO of USHA. “We are actively engaged in pursuing new avenues to broaden the reach of our story; receiving DTC eligibility is a starting point for us to trade more effectively in the United States and will allow for faster execution and improved liquidity. Our common shares are now more widely accessible to both retail and institutional investors and we are excited to continue to introduce USHA to the largest market in the world.”
About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Northwest Ontario, Canada and the Lost Basin Gold Mining District in Mohave County, Arizona, U.S.A. Usha increases shareholder value through the acquisition and exploration of quality precious and base metal properties and the application of advanced state-of-the-art exploration methods. Usha’s portfolio of strategic properties provides diversification and mitigates investment risk.
We seek Safe Harbor.
USHA RESOURCES LTD.
“Deepak Varshney” CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include “forward-looking information” under applicable Canadian securities legislation. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.