Proactive Investors - Run By Investors For Investors

Global Energy Metals secures DTC eligibility, making its stock easier to trade in the US

The OTCQB is a US trading platform operated by the OTC Markets Group in New York. The company's shares will continue to trade on the TSX venture exchange under the symbol GEMC as well as the Frankfurt exchange under the symbol 5GE1
Trader staring at screens
The electronic method of clearing securities speeds up the receipt of stock and cash

Global Energy Metals Corporation (CVE:GEMC, OTCQB:GBLEF) has secured DTC eligibility by The Depository Trust Company for its shares traded on the OTCQB venture market.

The eligibility came into effect at midnight, last night.

READ: Global Energy Metals lists shares on OTCQB venture market for more exposure in US

Being DTC eligible is expected to greatly simplify the process of trading and exchange the company's common stock on the OTC marketplace in the United States.

"We are pleased to have obtained DTC eligibility," said Mitchell Smith, the president and chief executive officer of Global Energy

"DTC eligibility simplifies the process of trading and transferring Global Energy Metals' shares between brokerages in the United States and reduces the costs incurred in trading shares. With our shares now DTC eligible, we expect this to lead to significantly enhancing liquidity and execution speeds, as well as extending investor awareness of our company to an even broader range of investors throughout the United States," Smith added.

View full GEMC profile View Profile

Global Energy Metals Corp Timeline

Related Articles

1541534695_shutterstock_1018668163.jpg
November 06 2018
Two composite samples were sourced from diamond drill core from earlier exploration
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use