Calima Energy Ltd (ASX:CE1) has begun trading on the OTCQB ventures market in the US after receiving significant interest from investors based in North America.
The company’s s primary listing remains on the Australian Securities Exchange (ASX) under the symbol CE1 with a secondary quotation on OTCQB under the symbol RLTOF.
Calima’s core asset lies within its liquids-rich sweet-spot of the Monetary Formation in northeast British Columbia, Canada where it has been able to covert around 60% of its total 63,000 acres holding to a 10-year lease through a successful exploratory drilling program.
Looking ahead, the OTCQB listing will enable the company to expand its awareness and broaden its range of potential investors into the North American market, where operating in Canada is more widely understood.
“Significant interest”
Calima CEO and President Jordan Kevol said: “With our existing production and exciting development programs underway at our Brooks and Thorsby asset areas, Calima has received significant interest from investors based in North America.
“An OTCQB quotation allows for Canadian and US investors to easily buy Calima shares in their own time zone and currency.
“We look forward to keeping all investors updated on what promises to be an exciting year for the Company in 2022.”
OTCQB listing
The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and development stage US and international companies.
Notably, OTCQB helps companies build shareholder value, achieve liquidity and a fair valuation.
Calima confirms that the OTCQB quotation does not impose any material additional compliance or regulatory standards over the Company’s ASX listing.
The company further confirms that no shares are being issued to facilitate the OTCQB quotation.
Further, MCAP LLC, Inc. acted as the company’s OTCQB sponsor and advisor.