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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

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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.

Quick facts: Global Energy Metals Corp

Price: 0.025 CAD

TSX-V:GEMC
Market: TSX-V
Market Cap: $2.42 m
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