Aurelius Minerals Inc (CVE:AUL) (OTCQB:AURQF) (FRA:1GA) announced Monday that its stock is now trading on the US-based OTCQB exchange under the symbol AURQF.
"We are pleased to begin trading on the OTCQB as part of our strategy to make Aurelius shares more accessible to retail and institutional investors in the U.S. market,” said CEO Mark Ashcroft in a statement.
“The goals of this commencement of trading through the OTCQB market are to allow access and liquidity to both U.S. and international shareholders, and to strengthen that shareholding base.”
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OTC Markets Group Inc (OTCQX:OTCM) operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 11,000 US and global securities.
Aurelius said that trading on the OTCQB in New York gives it a far greater network of US investor data distributors and media partners, facilitating access to the same high-quality information that is available to investors in Canada to US investors.
The company said US investors can find Real-Time Level 2 quotes for the company on www.otcmarkets.com. Aurelius' shares will continue to trade on the TSX Venture Exchange under the symbol "AUL", and the company's public disclosure will continue to be available on SEDAR.
The company also said that its shares have received DTC eligibility. 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. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Being DTC eligible is expected to further simplify the process of trading and exchange of the company's common stock on the OTCQB in the US.
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