i-80 Gold Corp. said its application to the OTC Markets Group Inc for the company's common shares to begin trading on the OTCQX Best Market has been accepted.
The company noted that its common shares will begin trading on the OTCQX Best Market on Thursday August 26, 2021, under the ticker symbol IAUCF after qualifying for an upgrade from the OTC Pink market.
"This is exciting news for the Company and will allow for a broad set of shareholders to invest in i-80. We are pleased to be accepted onto the OTCQX and believe this is the next step in unlocking the value of our Nevada focused mining company", Ryan Snow, chief financial officer of i-80 said in a statement.
READ: i-80 Gold is well positioned with $70.1M in cash and no debt to advance its portfolio of projects in Nevada
The OTCQX was created in 2010 and is recognized as an 'Established Public Market' by the US Securities and Exchange Commission and is a leading market for US and international companies in the entrepreneurial and development stage.
The OTCQX Best Market is the highest market tier of OTC Markets on which 11,000 US and global securities trade and, as a verified market with efficient access to US investors, the OTCQX helps companies build shareholder value with a goal of enhancing liquidity.
No common shares will be issued as part of the listing and i-80 Gold's common shares will continue to trade on the TSX under the symbol IAU as the company's primary listing.
The company said it believes that having its common shares traded on the OTCQX will provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity.
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