Business
Shares to Trade on OTCQB & Update on Financing
Shares to Trade on OTCQB & Update on Financing.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n\n5 June 2023\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.\n \nAndrada Mining Limited\n(\"Andrada\" or the \"Company\")\n \nOrdinary Shares to Commence Trading on OTCQB\nUpdate on Financing\n \nAndrada Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, is pleased to provide the following update:\n \nHIGHLIGHTS\n· Andrada shares commence trading today on the OTCQB® to access U.S retail investors and to broaden shareholder register.\n· Execution of documentation for the Development Bank of Namibia (\"DBN\") finance facility.\n \nAnthony Viljoen, CEO of Andrada, said: \"Admission to the OTCQB® Market is a key step in Andrada's strategy to broaden the Company's investor base by making its shares more accessible to the North American institutional and retail investors. This investor base is known for its understanding of, and strong appetite, for mining companies, particularly in lithium equities. To that effect, Andrada will start marketing and outreach efforts to U.S based investors in the coming months to increase awareness of our significant near-term lithium project.\"\n \nADDITIONAL LISTING: OTCQB® MARKET TRADING\nAndrada has qualified to trade on the OTCQB® Market (an American financial market) and trading in the Company's ordinary shares will commence trading on this market with effect from 5 June 2023. The trading of the Company's ordinary shares on AIM, a market of the London Stock Exchange, and on the Namibian Stock Exchange, remain unaffected by this additional listing. The Company's on-boarding to the OTCQB® Market will allow Andrada's Shares to be traded by new broker-dealers in the United States. Hannam&Partners (www.hannam.partners) and STIFEL (www.stifel.com) will continue to be Andrada's joint corporate brokers in the United Kingdom. &nbs...