Empire Metals Limited (LON:EEE; OTCQX:EPMLF), the resource exploration and development company, is pleased to announce that it has advanced to trade on the OTCQX® Best Market (“OTCQX”). The Company has upgraded to OTCQX from the OTCQB® Venture Market and will begin trading today on OTCQX under the symbol “EPMLF”. U.S. investors can find the company’s current financial disclosure and Real-Time Level 2 quotes on www.otcmarkets.com.
Empire Metals continues to gain momentum through ongoing achievements in drilling results, metallurgical advancements, and product development at the Pitfield Titanium Project. These accomplishments have led to an upgrade for Empire on to OTCQX.
The cross-trading of Empire’s ordinary shares on OTCQX is expected to enhance the visibility and accessibility of its shares to U.S. investors, who will also benefit from greater liquidity from a broader pool of potential investors globally. OTCQX is also the highest-level trading venue of the OTC Markets Group Inc. on which 12,000 U.S. and global securities trade.
By trading on OTCQX, Empire will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQX cross-trading facility will enable US investors to access Empire’s ordinary shares in US dollars, during US market hours.
Commenting on the announcement, Shaun Bunn, Managing Director, said:
“I am delighted to announce our upgrade to OTCQX. Building on the Company’s international shareholder base, this further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors.
“Trading on OTCQX offers even more investors a pathway to participate in Empire’s growth and gain exposure to titanium – a strategically important critical mineral with strong fundamentals. We look forward to welcoming new U.S. investors as shareholders.”
About OTCQX
The ability to trade Empire’s existing ordinary shares on AIM will remain unaffected by the OTCQX listing. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
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Empire Metals Ltd Shaun Bunn / Greg Kuenzel / Arabella Burwell |
Tel: 020 4583 1440 |
