Sep 10, 2024, 9:15 AM
Sep 10, 2024, 9:15 AM

Fiddlehead Resources lists on TSX Venture Exchange in Calgary

Highlights
  • Fiddlehead Resources Corp. listed its common shares and warrants on the TSX Venture Exchange on September 10, 2024.
  • The company emphasizes the uncertainties associated with forward-looking statements and the importance of accurate reserve estimates.
  • This listing is a strategic move to enhance visibility and access to capital markets for future growth.
Story

Fiddlehead Resources Corp. announced its listing on the TSX Venture Exchange on September 10, 2024, with its common shares trading under the symbol 'FHR' and warrants under 'FHR.WT'. This move marks a significant milestone for the company, as it aims to enhance its visibility and access to capital markets. The listing is part of Fiddlehead's strategy to support its growth and development in the oil and gas sector. The press release includes cautionary notes regarding forward-looking statements, emphasizing the inherent uncertainties in such projections. Fiddlehead acknowledges that actual performance may be influenced by various factors beyond its control, including regulatory approvals and market conditions. The company also highlights the importance of accurate reserve estimates, which are subject to change based on numerous variables. Fiddlehead's reserves estimates are based on evaluations conducted by GLJ Ltd., an independent qualified reserves evaluator. These estimates are crucial for understanding the potential economic viability of the company's assets, particularly in relation to the South Ferrier area. However, the company warns that there are no guarantees regarding the recovery of these reserves, which could significantly impact future revenues. In conclusion, the listing on the TSX Venture Exchange represents a strategic step for Fiddlehead Resources, aimed at bolstering its financial position and operational capabilities. The company remains committed to transparency and caution in its communications, particularly regarding forward-looking information and reserve estimates.

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