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GTI Resources Ltd (GTI or the Company) advises that it has completed the requirements to commence cross‐ trading of its securities on the OTCQB Market in North America. GTI shares are now quoted on OTCQB under the symbol “GTRIF”, and trading commenced on 12th April 2022 (US Time). Investors can access further details via https://www.otcmarkets.com/stock/GTRIF/overview.
- GTI shares start trading on North America’s OTCQB market under the code GTRIF
- OTC offers U.S. investors easy, real‐time trading of GTI’s ordinary shares
- This significantly expands the pool of investors able to invest in GTI
The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To qualify for OTCQB, companies must meet high financial & securities reporting standards, pass a bid test andundergo annual verification. As a verified market with access for U.S. investors, OTCQB helps companies build shareholder value, achieve liquidity and a fair valuation. It will also enable the Company to expand awareness and broaden its range of potential investors into the North American market. Trading on OTCQB provides companies access to one of the largest investment markets in the world at nominal cost, with fewer additional compliance requirements, compared to traditional major exchanges.
Bruce Lane, GTI Executive Director said “We’re delighted to advise that GTI shares are now traded on OTCQB as part of our strategy to promote the Company to investors in the US, the home of our uranium projects. OTC cross trading provides wider access to the large North American investment community & enhanced convenience for these investors to trade GTI ordinary shares. GTI’s strategy is fundamentally North American focused, and our aim is to define US based uranium resources for the resurgent US nuclear power business”
Nuclear power has emerged as a leading, emissions free, base load power source that can enable the world’s transition to NetZero emissions. As a consequence, North American natural resource investors have turned their attention to uranium as a way to benefit from nuclear power’s rapid global renaissance. Trading on OTCQB will assist North American investors to participate in the GTI story as the Company advances its Wyoming ISR uranium plans which recently resulted in discovery of ISR amenable uranium mineralisation at its Thor Project (refer ASX release https://www.asx.com.au/asxpdf/20220329/pdf/457fyl52c9jvqk.pdf).
GTI’s shares are listed on the Australian Stock Exchange (ASX) under the code of GTR. The OTCQB market’s financial reporting standards and corporate governance requirements are satisfied through the Company’s ongoing compliance with ASX Listing Rules. North American investors will find real‐time $US quotes & information on the OTC Markets website. Trades take place and settle in the North American time zone in US Dollars (USD). The OTCQB share is the same class of Ordinary Share as the ASX traded stock (ASX: GTR), not a synthetic. The shares are simply registered in two different Registries.
MCAP LLC acted as the Company’s OTCQB Advisor and Sponsor.
This article includes content from GTI Resources Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.