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Codebase Ventures gains DTC trading eligibility

DTC eligibility allows the company's OTCQB market shares to be bought and sold electronically
Computers overlayed with a stockboard
The increased ease of trading lets a stock cast a wider net for potential investors

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) (FSE:C5B), a tech-centric investment firm, announced that its shares are now eligible to be traded through the Depository Trust Company.

DTC eligibility allows the Vancouver company's OTCQB market shares to be bought and sold electronically, without the need for physical share certificates. The increased ease of trading lets a stock cast a wider net for potential investors.

READ: Codebase Ventures subsidiary Pressland extends partnership with Study Hall

“DTC eligibility increases overall visibility with investors in the US, and allows the company's stock to be traded with a much wider group of brokerage firms,” Director Brian Keane said. “We anticipate that our shareholders will benefit from increased liquidity and a larger shareholder base in addition to more convenience and greater execution speeds.”

The DTC is a subsidiary of the Depository Trust & Clearing Corporation, which handles clearing and settlement of publicly traded companies.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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