Okapi Resources Ltd (ASX:OKR) has completed full-service eligibility and secured DTC approval to allow real-time electronic clearing and settlement in the United States for its OTCQB listed ordinary shares through the Depository Trust & Clearing Corporation (DTCC).
Okapi gained a secondary compliance listing on the OTCQB market with the ticker code OKPRF in November 2021.
Today’s announcement means North American investors will benefit from the simplification of trading and enhanced liquidity in OKR's US-listed shares.
Investors will find announcements from the company automatically uploaded onto the OTC platform.
Key advantages of trading (OTCQB:OKPRF) stock include:
- Allows real-time electronic trading in the US;
- Trades in the North American time zone and settlements in US dollars; and
- OKPRF is the same class Ordinary Shares to ASX traded stock (Okapi Resources Ltd (ASX:OKR)), not a synthetic.
Okapi managing director Andrew Ferrier said of the new development: “We are excited that we have secured DTC electronic trading, allowing Okapi shares to be traded in USD for the convenience of our existing and new North American shareholders. This will simplify trading and enhance liquidity with a wider pool of investors.
"This particularly makes sense for Okapi, which is focused on developing uranium assets in North America.”