OTC Markets Newsletter
OTC Markets Group News           APRIL 2016
Our Capital Raising 2.0 Event was a Success!… Mark Your Calendar for the Next Event in L.A. on May 24

OTC Markets Group EVP of Corporate Services Jason Paltrowitz leads a discussion with Barry Silbert, founder and CEO of the Digital Currency Group and founder of SecondMarket, and R. Cromwell Coulson, President and CEO of OTC Markets Group Inc.
A standing-room only crowd gathered at our Capital Raising 2.0 Event on April 6 at the OTCQX Market Center in NYC to hear experts talk about the changing landscape of finance, the emergence of online capital raising platforms and new crowdfunding regulations under the JOBS Act.

Read New York Business Journal’s article about the event or watch the discussions on our YouTube page.

The event kicked off with a fireside chat with Barry Silbert, founder and CEO of the Digital Currency Group and founder of SecondMarket (now NASDAQ Private Market), and OTC Markets Group's CEO R. Cromwell Coulson. EVP of Corporate Services Jason Paltrowitz led the discussion on market structure issues and views on the IPO market and the future of capital raising.

Read more about Capital Raising 2.0 and our next events.
Panel on “Alternative Strategies for Raising Capital.” Pictured left to right: Brian Korn of Manatt, Phelps & Phillips, LLP, Scott Jordan of HealthiosXchange, Scott Andersen of FundAmerica, Ryan Feit of SeedInvest, Chris Tyrrell of OfferBoard and Mark Elenowitz of BANQ and TriPoint Global Equities, LLC
The event concluded with a panel discussion on “Alternative Strategies for Raising Capital,” featuring Scott Andersen, general counsel of FundAmerica; Mark Elenowitz, founder and CEO of BANQ and TriPoint Global Equities, LLC; Ryan Feit, co-founder and CEO of SeedInvest; Scott Jordan, co-founder of HealthiosXchange; and Chris Tyrrell, founder and CEO of OfferBoard; moderated by Brian Korn, a partner at Manatt, Phelps & Phillips, LLP.

Join our next Capital Raising 2.0 event in Los Angeles on May 24. Stay tuned for more information...

We hope to see you at the following JOBS Act/Reg A+/Crowdfunding events:

FundIt Crowdfunding Compliance, Marketing & Technology Conference, April 26-27, Las Vegas
Growth Capital Expo 2016, May 3-5, Las Vegas
The 3rd Annual Crowdfunding USA Conference & Workshop, May 5-6, Washington, D.C.

Thank you for your continued interest and support as we build better informed and more transparent financial markets for established and developing companies.

If you want to be added to OTC Markets Group's distribution list for upcoming JOBS Act-related news and events, e-mail us at issuers@otcmarkets.com.

Click to close.

[photo] In our latest OTCQX video, OTC Markets Group EVP of Corporate Services, Jason Paltrowitz and Paul Elio, CEO of Elio Motors (OTCQX: ELIO), discuss the importance of Regulation A + and why Elio, the first company to complete an offering through Regulation A+, chose to go public on our OTCQX Best Market.
[photo] Jeffrey Pontius, President and CEO of Corvus Gold, Inc. (OTCQX: CORVF)

“We at Corvus are positioned well in a recovering gold price environment being one of only a handful of active junior exploration companies that have advanced our project throughout the bear market.” Corvus Gold President and CEO Jeffrey Pontius talks to us about the company's 2016 exploration program, the impact of gold prices on the industry and what U.S. investors should know.

OTC Markets Group (OTCM): Tell us about Corvus Gold. What do you do?

Jeffrey Pontius: Corvus Gold is a well-financed junior exploration gold company driven by an experienced management team credited with discoveries totaling over 50M ounces of gold throughout their careers. The Company's main focus and efforts is in the advancement of its 100%-owned Nevada, North Bullfrog project approximately 120 miles northwest of Las Vegas. Advantages of the growing gold project include an adjacent major highway, power corridor, established water right, nearby skilled workforce and a large 72 km2 land package.

Click here to read the full interview.
Cumulative drilling of almost 65,000 meters established a new resource estimate and Preliminary Economic Assessment (PEA) for the North Bullfrog project. The envisioned open-pit project comprises two different components: a high-grade vein system called YellowJacket which is processed through a mill circuit for gold/silver recovery and an adjacent lower grade oxide material which is stacked onto leach pads for gold/silver recovery. The PEA showed that the project produces 1.2M gold ounces over 10 years with an average cash cost of $635/gold ounce with an initial capex of $175M and an NPV (5% post-tax) of $246M, an IRR of 38% @ $1,200/gold ounce (all figures in USD). The PEA established a baseline for the project. We believe there is more gold to be found.

OTCM: You recently announced the start of the 2016 exploration program building on new discoveries at your North Bullfrog project in Nevada. Can you give us the highlights on that?

Mr. Pontius: The 2016 exploration drill program began this month. The main focus of the program is to expand on recent high-grade discoveries around the peripheral boundaries of the current pit design. It is believed that high-grade veins such as the YellowJacket system are feeder zones or plumbing systems which acted as conduits for gold mineralization. Those veins fed into a permeable rock resulting in the distribution of gold in lower concentrations adjacent to the vein systems. It is our belief that there are more high-grade feeder veins at the project as there are square kilometers of the disseminated gold throughout the area and one vein system could not have fed the entire area.

OTCM: The price of gold has fallen from an intraday high of $1,921/ounce in September 2011 to a low of $1,050/ounce in late 2016. What effect has this had on the sector and exploration?

Mr. Pontius: The gold price drop has had a profound impact on our industry. Higher cost mines have had to shut down and money flowing into the sector has slowed considerably; a number of gold miners have gone into bankruptcy, several are on life support and many more companies sit idle until there is a price recovery. In a bid to reduce costs, mining companies have opted to cut exploration budgets. This leaves the sector in a situation where there is very little exploration occurring to replace the mined ounces and dwindling resources. On a positive side, due to the decrease in exploration activity, the costs of drilling, sampling and surveying have all come down. We at Corvus are positioned well in a recovering gold price environment being one of only a handful of active junior exploration companies that have advanced our project throughout the bear market.

OTCM: You're a Canadian company listed on the Toronto Stock Exchange and cross-traded on OTCQX. What do you see are the benefits of cross-trading on OTCQX in the U.S. market?

Mr. Pontius: We are a reporting issuer and over 50% of our shareholders reside in the U.S. The OTCQX market has allowed our shareholders and potential shareholders to both buy and sell where they would otherwise not be able to as easily with just a Toronto Stock Exchange listing.

OTCM: What else do you want U.S. investors to know about Corvus Gold?

Mr. Pontius: Our Company has a strong shareholder base with large institutional holders such as Tocqueville Asset Management, Resource Capital and Van Eck Global. In addition, AngloGold Ashanti, a major mining gold company, is a long-term shareholder having recently increased their position to 19.2% in March of this year.

The ultimate goal of the Company is to sell and not develop the asset. Our management team's expertise is in exploration. Building then operating a mine is a different skill set which brings additional risks. Funding, potential shareholder dilution, delays, technical issues during construction and operations are risks we feel are not in our shareholders' best interest. A 100%-owned, new gold discovery in a mining friendly jurisdiction is rare and valuable. We feel the opportunity is available in a changing gold price environment where we can bring good returns for our shareholders via new discoveries and ultimately a transaction.

Click to close.

Light Up The Market

Bob Power, OTC Markets Group Vice President, and Daniel Rooney, CEO of SCI Engineered Materials (OTCQX: SCIA)

Nina Goworek (left), IR Officer, and Joyce Liaw (right), Finance Manager of Roche Holding Ltd (OTCQX: RHHBY; RHHBF) with Bob Power, OTC Markets Group Vice President

Monthly Trade Summary

March 2016

Number of
  Monthly $
  Monthly $ Vol
per Security
  YTD $
OTCQX® 452   $2,366,388,169   $5,235,372   $8,979,320,569
OTCQB® 1,006   $481,550,712   $478,679   $1,529,708,065
Pink® 8,357   $10,105,106,210   $1,209,179   $34,495,624,209
Totals 9,815   $12,953,045,091   $1,319,719   $45,004,652,843
*Data as of March 31, 2016
Events, Webinars & Sponsorships
Webinar: Early 2016 Funding Trends | Regulation A+, Crowdfunding, Deposits & Shares (Archived Recording)

FundIt: Crowdfunding Compliance, Marketing & Technology Conference - Las Vegas, NV (April 26-27, 2016)

CSE Day - Toronto, Canada (April 28, 2016)

Growth Capital Expo 2016 - Las Vegas, NV (May 3-5, 2016)

Crowdfunding USA 3rd Annual Conference + Workshop (May 5, 2016)

Global Alliance Partners Conference - New York, NY (May 10, 2016)

Webinar: Trade Talks | How Community Banks Create Liquidity and Increase Shareholder Value in the Public Markets (May 19, 2016)

Capital Raising 2.0 - Los Angeles, CA (May 24, 2015)

B. Riley & Co.'s Annual Investor Conference - Hollywood, CA (May 25-26, 2016)

Marcum Microcap Conference - New York, NY (June 1-2, 2016)

OTCQX Annual Issuers Forum - Vancouver, Canada (June 9, 2016)

IR Magazine Awards - Europe - London, U.K. (June 22, 2016)

Contact us if you are interested in meeting us at one of these events.
Market Participants Eager to Learn About Reg A+ at OTC Conference - Growth Capitalist (April 14, 2016)

SNNLive Update with OTC Markets Group, Inc. (OTCQX: OTCM) - StockNewsNow.com via YouTube (April 11, 2016)

This bitcoin believer says NYSE and Nasdaq are no longer sexy - New York Business Journal (April 7, 2016)

OTC Markets Group Adds IPC as Extranet and Connectivity Provider for Market Data and OTC Link ATS - press release (April 6, 2016)

Redline Adds OTC Markets Data - Inside Market Data (March 30, 2016)

OTC Markets to Host “Mini-Conference”, Will Feature Barry Silbert of Digital Currency Group - Crowdfund Insider (March 24, 2016)

5 Reasons to be Optimistic About Regulation A+ - Huffington Post (March 23, 2016)

Equity crowdfunding makes its debut - FierceFinanceIT (March 15, 2016)
New OTCIQ Company Profile Form

When companies select the Verify Company Profile tab in their OTCIQ account, they will now have access to a redesigned form that is easier to use. In addition, many entries, which were previously optional, are now required in order to achieve the“Verified Profile” status required for OTCQX and OTCQB companies. While it may take slightly longer to complete the form the first time, we are confident that these changes will help build a better market for companies to share information with their investors.

Please contact issuers@otcmarkets.com to learn more about OTCIQ or with any questions.
Definition of the Term ‘‘Fiduciary;'' Conflict of Interest Rule — Retirement Investment Advice

On April 8, the Department of Labor published a final rule: Definition of the Term “Fiduciary;” Conflict of Interest Rule — Retirement Investment Advice. The DOL Rule treats retirement plan advisors as “fiduciaries” responsible for acting in their client's best interests in a wide array of advice relationships. An exemption to the Rule, known as the “Best Interest Contract Exemption,” (BICE) allows an advisor to receive compensation for investment advice in certain circumstances, including certain advice related to purchasing or selling over-the-counter equity securities. Under the BICE, the Adviser and Financial Institution must provide prudent advice that is in the best interest of the customer and receive no more than reasonable compensation. View the full text here.
2 companies qualified for the OTCQX Best Market in March.

Atlas Energy Group, LLC (OTCQX: ATLS)
MPM Holdings Inc. (OTCQX: MPMQ)

A complete list of OTCQX companies is available on www.otcmarkets.com.

16 companies were verified for the OTCQB Venture Market in March.

Advanced Environmental Petroleum Producers, Inc. (OTCQB: AEPP)
Algodon Wines & Luxury Dev Group Inc (OTCQB: VINO)
Diego Pellicer Worldwide, Inc. (OTCQB: DPWW)
eWellness Healthcare Corp (OTCQB: EWLL)
Ezy Cloud Holding Inc. (OTCQB: EZCL)
First Rate Staffing Corp. (OTCQB: FRSI)
FTE Networks, Inc. (OTCQB: FTNW)

  Liquidmetal Technologies, Inc. (OTCQB: LQMT)
Lithium X Energy Corp. (OTCQB: LIXXF)
Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI)
Savden Group Corp (OTCQB: SVDN)
STG Group, Inc. (OTCQB: STGG)
Todex Corp. (OTCQB: TDXP)
Vapor Corp. (OTCQB: VPCO)
VerifyMe, Inc. (OTCQB: VRME)
Congratulations to the latest companies to graduate from our markets to a U.S. exchange listing.

The OTCQX Best Market

Nano Dimension Ltd (NASDAQ: NNDM)

The OTCQB Venture Market

LabStyle Innovations Corp (NASDAQ: DRIO)
ViewRay, Inc. (NASDAQ: VRAY)
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