Withdrawal from Aquis Exchange

Guanajuato Silver Company Ltd.

29 November 2023

 

Guanajuato Silver Company Limited

Withdrawal from Aquis Exchange

Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF)  announces that it has submitted a request to the Aquis Stock Exchange Growth Market ("Aquis"), for its common shares ("Common Shares") be withdrawn from trading on Aquis, with such withdrawal to take effect as of market close on December 29, 2023 (the "Withdrawal"). 

The Company has its primary listing on the TSX Venture Exchange ("TSX-V"). The Aquis quotation was sought as a secondary listing to further enhance the liquidity and fundraising ability of the Company. The Aquis quotation gives UK shareholders the ability to hold Common Shares through a CREST Depositary Interest ("CDI"), allowing for full fungibility between the two markets. However, the Company no longer believes it can justify the cost of being quoted on both exchanges. The Company is headquartered in Canada and is of the opinion that its TSX-V listing provides sufficient access for investors to trade its Common Shares.

After December 29, 2023, any holders of CDIs representing Common Shares in the Company will no longer be able to trade those CDIs on Aquis in the United Kingdom, however the Company's Common Shares will continue to trade on the TSX-V in Canada and the OTCQX in the United States. Holders of CDIs should contact an independent financial adviser if they have any doubt about what action to take either before or after Withdrawal.

The Company notes that under the AQSE - Rules for Issuers, if an issuer has its shares traded on another market of equivalent regulatory standing including a qualifying market, shareholder approval at a general meeting will not be required to be sought. The Company's Common Shares are traded on the TSX-V, a qualifying market, and accordingly a circular is not being posted to shareholders as there is no need to obtain shareholder approval.

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433

E: [e-mail]

Gsilver.com

VSA Capital - AQSE Corporate Adviser

T: [phone]

Simon Barton - Corporate Finance

Thomas Jackson - Corporate Finance

Andrew Monk - Corporate Broking

David Scriven - Corporate Broking

About Guanajuato Silver

GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato, which has an established 480-year mining history. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico. 

 

END