Guskin Gold Corp. (Restated) Responds to OTC Markets Request on Recent Promotional Activity
Guskin Gold Corp. (the “Company”, GKIN or Guskin Gold) (OTCQB: GKIN) has been requested by OTC Markets Group Inc. (OTC Markets) to issue a statement about recent promotional activity concerning GKIN common shares (the Common Shares). This statement has been revised to correct an inadvertent typographical error and is restated in its entirety to correct the release dated June 30, 2022.
On June 28, 2022, the Company was informed by OTC of certain promotional activities concerning the Company and the Common Shares traded on the OTCQB Marketplace, including a website page on The- FinancialNews.com, published by Tom McCarthy discussing the Company, its projects, and the global gold market. The publication also makes statements that are false and misleading. OTC Markets provided the Company a screen shot example of the promotional material for reference.
On June 27, 2022, the Companys effected trading activity recorded a share volume of approximately 96,700 common shares, compared to the Companys 30-day trading average of 10,515 common shares.
Neither the Financial News nor publisher Tom McCarthy, as the listed editor, were hired by the Company and/or its officers; neither the Company nor its officers were involved, directly or indirectly, with the creation, distribution, or payment of said promotional materials. The Company had no knowledge of the promotional materials until notified by OTC Markets Issuer Compliance Team which monitors and enforces OTC Markets Promotion Policies. As such, the Company had no editorial control over the content.
Where the content of the promotion may in part have described the nature of our business, we caution potential investors not to rely on these promotional and speculative statements and claims, touting future performance, anticipated trajectories of our stock price, or urging investors to take action immediately.
The Company advises potential investors that they should only rely on information provided by the Company, which manages internally all investor relations, marketing and corporate communications. More preciously, for information about the Company investors should go to the Companys website at www.guskingold.com. The Company directs interested investors to rely on information contained on this website, through our press releases, and / or our filings with the Securities Exchange Commission, together with advice from an independent and qualified financial advisor to see if an investment in Guskin is suitable for their circumstances.
The Company, after inquiry of management, the directors and/or other control persons, its officers, directors, any controlling shareholders (defined as shareholders owning 10% or more of the companys securities), or any third-party service providers, confirms the aforementioned parties have not, directly or indirectly, been involved in any way (including payment of a third-party) with the creation, distribution, or payment of promotional materials related to the Company and its Common Shares. The Company had no knowledge of the promotional materials until notified by OTC Markets Issuer Compliance Team which monitors and enforces OTC Markets Promotion Policies.
The Company approves the activities and content of all marketing and investor relations activities carried out by our inhouse team and third-party service providers, and in doing so will continue to comply with SEC, FINRA and OTC Markets guidelines and best practices. In the last 12 months, the Company has worked with the following parties to provide investor relations, public relations services, marketing, or other related services. Effective June 1, 2022, the Company hired Integrity Media Inc. to provide traditional Investor Relations and corporate communication services, details of which were reported to the SEC on Form 8-K, filed June 2, 2022, including a copy of the contract describing all services provided.
After an inquiry by management, none of the Company’s executive officers, directors sold shares of the Company within the past 90 days. To the knowledge of the Company, none of the Companys controlling shareholders and third-party service providers have sold or purchased shares of the Company within the past 90 days.
The OTC Markets has further requested that the Company state whether it has issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance. As disclosed in its public filings on EDGAR, the Company has from time to time issued shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance in accordance with the policies of the Securities and Exchange Commission. Please refer to the Company’s most recent Form 10-Q for the period ended March 31, 2022, filed with the SEC on May 16, 2022, which is filed under the Company’s profile on EDGAR, for a full list of convertible instruments and share issuances.
About Guskin Gold Corp.
Guskin Gold Corp. (OTCQB:GKIN) is a mining company publicly traded in the United States, with its head office in Santa Clara, California. Guskin is focused on gold exploration and mining in Ghana, the number one gold producer in Africa and seventh largest gold producing country in the world. The Company’s leadership team is world-class. Many are native to Ghana, all offer specialised expertise in the business of gold exploration, mining, public markets, and finance. And all are passionately committed to the success of the Company, our partners, and investors. For additional information please visit www.guskingold.com.
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Forward-Looking Statements and Disclosure
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the exploration and exploitation of the Kukuom Concession, new mineral and/or gold projects, securing necessary financing, the future of the U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations pertaining to the mining and exploration of mineral properties in Ghana and internationally. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.