Global Energy Metals Corporation (CVE:GEMC, OTCQB:GBLEF) has secured DTC eligibility by The Depository Trust Company for its shares traded on the OTCQB venture market.
The eligibility came into effect at midnight, last night.
READ: Global Energy Metals lists shares on OTCQB venture market for more exposure in US
Being DTC eligible is expected to greatly simplify the process of trading and exchange the company's common stock on the OTC marketplace in the United States.
"We are pleased to have obtained DTC eligibility," said Mitchell Smith, the president and chief executive officer of Global Energy
"DTC eligibility simplifies the process of trading and transferring Global Energy Metals' shares between brokerages in the United States and reduces the costs incurred in trading shares. With our shares now DTC eligible, we expect this to lead to significantly enhancing liquidity and execution speeds, as well as extending investor awareness of our company to an even broader range of investors throughout the United States," Smith added.