By Cory Prize Mining Announces DTC Eligibility of its OTCQB-Listed Common Shares in the U.S.
I always like to see when sponsor companies make it easier for our US listeners to trade the stock. The DTC eligibility makes the clearing of shares and overall trading in the US easier and quicker. I am a shareholder and since I live in Canada this doe snot impact me but it does open up Prize Mining to be more easily traded by a wider audience.
If anyone has questions or would like more details on Prize please comment or email me at Fleck@kereport.com.
… Here’s the news…
Calgary, Alberta (Marketwired– October 12, 2017) – PRIZE MINING CORPORATION(“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has secured DTC Eligibility for its OTCQB-listed common shares (PRZFF).
Feisal Somji, Chief Executive Officer of Prize, stated: “Achieving DTC eligibility will greatly simplify the process of trading and exchanging our common shares in the United States, which should benefit all shareholders. We believe being listed and tradeable in the U.S. is highly complementary to the growth trajectory of the Company. This approval will broaden the Company’s appeal to U.S. investors and allow brokers and professional advisers previously unable to follow or recommend the Company’s stock, to become engaged with the Prize story at this pivotal stage of development. We look forward to keeping our shareholders up to date with the progress on our Q4 discovery focused drill program in southeastern B.C.”
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
In addition to the OTCQB, shares of Prize will also continue to trade on the TSX Venture and Frankfurt stock exchanges.
About Prize Mining
Prize is a Calgary-based junior mining issuer with offices in Calgary, Alta., and is listed on the TSX Venture Exchange. Prize is engaged in the acquisition, exploration and development of mining properties. Find out more at: www.prizemining.com or please contact Walter Spagnuolo, Investor Relations by telephone at 403.236.2222 or email at email@example.com.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements. This news release contains forward-looking statements. More particularly, this document contains statements concerning the benefits of both DTC eligibility for Prize’s shares and the listing of Prize’s shares on OTCQB . Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “scheduled”, “potential”, or …read more
Source:: The Korelin Economics Report