Guskin Gold Corp. has been requested by OTC Markets Group Inc. to issue a statement about recent promotional activity concerning Guskin Gold’s common shares.
This was in response to earlier statements on the company’s promotional activity regarding its common shares which contained some inadvertent typographical errors.
On June 27, 2022, the Company’s effected trading activity recorded a share volume of approximately 96,700 common shares, compared to the Company’s 30-day trading average of 10,515 common shares.
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 on a different platform other than the company’s website.
According to Guskin Gold, it 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, it 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.”
Guskin Gold
Investors Reliance on Information from Guskin
The Company advised potential investors that they should only rely on information provided by the Company, which manages internally all investor relations, marketing and corporate communications.
The Company called on interested investors of its stocks to rely on information on its website, through its press releases, or its 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 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 indicated that it approves the activities and content of all marketing and investor relations activities carried out by its in-house team and third-party service providers. In doing so, it 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.
After an inquiry into the situation, none of the Company’s executive officers or directors sold shares of the Company within the past 90 days, the company noted. To the knowledge of the Company, none of the Company’s 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.
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