Cruz Capital is DTC eligible on U.S. markets
CRUZ CAPITAL CORP IS NOW FULLY DTC ELIGIBLE
Cruz Capital Corp. is fully DTC (Depoitory Trust Company) eligible on the U.S. markets. Being fully DTC eligible will now enable U.S. brokerage firms to clear Cruz shares in the home market not via the Canadian market therefore creating a much more transparent and easily accessible trading situation for the U.S. market.
Cruz president James Nelson stated: “Having the DTC complete will enable our USA shareholders a much more efficient market to access. Cruz continues to expand our cobalt assets at a time when cobalt prices have moved to five-year highs. Cruz enjoyed early mover advantage as Cruz has been able to acquire what we feel is one of the best collections of cobalt prospects in North America, before the majority of the recent cobalt entrants were in the space. Cruz’s four separate Ontario cobalt prospects, according to government mineral files, returned cobalt grades of 13 per cent on the 900-acre Coleman cobalt prospect and 10.5 per cent cobalt on the 900-acre Johnson cobalt prospect. The 5,500-acre Hector cobalt prospect was a past-producing cobalt mine and the 1,480-acre Bucke cobalt prospect returned cobalt grades of 13 per cent. Our War Eagle cobalt prospect in British Columbia covers a past-producing mine as well and returned assays of 6.5 per cent cobalt. Based on these projects, management feels that Cruz has amassed a quality portfolio of cobalt assets that have some of the highest historic cobalt grades in North America, which sets Cruz apart from most cobalt companies in the junior space. We feel that 2017 will be a breakout year for cobalt prices and Cruz is well positioned to take full advantage of this. We plan to commence full operations on these projects with our goal to make Cruz the go-to North American cobalt project generator and developer. The first half of 2017 will be an extremely active period for Cruz and management is optimistic about what will be discovered by Cruz on our cobalt properties.”
About Cruz Capital Corp.
Cruz is actively engaged in acquiring and developing high-grade cobalt projects in politically stable, environmentally responsible and ethical mining jurisdictions. Cruz has already acquired several high-grade cobalt projects across North America. Seven cobalt projects are located in Canada and one in Idaho. The goal of the company is to make Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange.
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