Anson Resources Ltd (ASX:ASN) (OTCMKTS:ANSNF) (FRA:9MY) is trading on the US-based OTCQB Market under the code of ANSNF after its application to join the market was accepted.
This follows strong interest shown by North American Investors after Anson’s recent updated preliminary economic assessment for its Paradox Brine Project in Utah, USA.
Trading on OTCQB is expected to enhance the visibility and accessibility of the company to North
American individual and institutional investors.
The OTCQB Market provides value and convenience to US investors, brokers and institutions seeking to trade ANSNF.
OTC eligibility
To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with US securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.
Anson said this step was taken as part of its strategy to raise awareness of the Paradox Brine Project amidst an increasing US push for self-sufficiency in regard to the battery industry.
The OTCQB share is the same class of Ordinary Share to ASX traded shares (ASX:ASN), not a synthetic.
Anson’s share registry is still maintained by Automic Group Limited, and Anson’s primary listing will continue to be the Australian Securities Exchange with shares now tradeable on the OTCQB market.