Candelaria Mining Corp is upgrading to the OTCQX Best Market.
In a statement, the company said it will commence trading on the US-based OTCQX at market open on November 5, 2021, remaining under the symbol “CDELF”.
Previously, the company’s shares were traded on the OTC Pink exchange.
READ: Candelaria announces closing of final tranche of non-brokered private placement; raises C$5.1M in gross proceeds
Candelaria said the OTCQX provides value and convenience to US investors, brokers, and institutions seeking to trade its stock.
It noted that the OTCQX is OTC Markets Group Inc.'s (OTCQX:OTCM) premier market for established, investor-focused US and international companies. 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.
“As the next step in increasing our trading liquidity and enhancing our capital markets profile, we are very pleased to report our elevation to the OTCQX Market,” said Candelaria CEO Mike Struthers.
“This will increase trading access for our US investors, and also serves as recognition of our enhanced governance and reporting standards.”
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