IronRidge files request to trade shares on the OTCQX market
IronRidge Resources Ltd has applied for the company to trade on the OTCQX Best Market (OTCQX) trading platform of the OTC market in the United States, which will make IronRidge shares more widely available to North American investors. .
The company has identified a supporting broker and market maker and is completing the necessary regulatory documentation and application documents to be submitted to the OTC market compliance group.
Trading on the OTCQX market will have no impact on trading of the existing common shares of IronRidge on AIM and no new common shares will be issued under the exchange facility. IronRidge will continue to meet all regulatory requirements relating to its listing on the AIM market of the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
The OTCQX ranks # 1 in over-the-counter markets and lists companies, including blue-chip companies, that are not listed on traditional stock exchanges in the United States. Companies listed on the OTCQX market must follow certain rules and criteria and are subject to the regulation of their home market, in this case the AIM market of the London Stock Exchange plc in the United Kingdom.
The Company believes that listing on the OTCQX market under the symbol “IRRLF” is a natural step forward in responding to the global interest in lithium and will potentially provide increased benefits to investors, including easier access to states. -United and greater liquidity.
Vincent Mascolo, CEO of IronRidge, said: âFollowing our recent historic partnership with Piedmont Lithium Inc., which will fully fund the company’s exceptional Ewoyaa Lithium project in Ghana through production for US $ 102 million, as well. As President Joe Biden’s comments regarding the importance of lithium, we have initiated a process of interlisting the company’s shares in New York on the OTCQX trading platform of the OTC Market, which is a natural step and beneficial to society and all shareholders. The Board looks forward to informing shareholders of progress in this regard in good time. “
Read the article online at: https://www.globalminingreview.com/finance-business/07102021/ironridge-files-application-for-share-trading-on-otcqx-market/