EverGen Infrastructure Corp (TSX-V:EVGN), Canada's Renewable Natural Gas (RNG) infrastructure platform, has announced that its common shares will begin trading on the OTCQB Venture Market in the United States under the symbol EVGIF as of the opening of the market today, February 15, 2022.
Additionally, the company said it is awaiting approval of its application for eligibility with the Depository Trust Company (DTC). DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly-traded companies in the United States.
In a statement, EverGen co-founder and CEO Chase Edgelow commented: "A listing in the United States on the OTCQB allows EverGen the opportunity to engage with and attract a broader base of investors outside of Canada, and provides investors with an accessible and transparent trading platform to invest in EverGen."
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He added: "This year is set to be transformational for EverGen, and with long-term contracted RNG expansion projects positively contributing to our financial performance and acquisition opportunities across Canada this is an ideal time to list in the US and provide broader access for investors."
The OTCQB, operated by OTC Markets Group Inc is recognized by the United States Securities and Exchange Commission as an established market providing companies the opportunity to build visibility, expand liquidity and diversify their shareholder base on an established public market.
The OTCQB provides investors who cannot access trading on the TSX Venture Exchange with an alternative access to EverGen's common shares though regulated US broker-dealers.
EverGen is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, the company acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects.
EverGen is focused on British Columbia, with continued growth expected across other regions in North America.
Contact the author at jon.hopkins@proactiveinvestors.com