Business
Arizona Metals Begins Trading on OTCQX® Best Market with DTC Eligibility
TORONTO / Jan 25, 2021 / Business Wire / Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) announces that it has qualified to tra
About this update from Arizona Metals Corp
[{"type":"text","content":"TORONTO / Jan 25, 2021 / Business Wire / Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) announces that it has qualified to trade on the OTCQX® Best Market. Arizona Metals Corp. upgraded to OTCQX from the OTCQB® Venture Market. In addition, the Company has secured DTC eligibility by The Depository Trust Company (\"DTC\") for electronic settlement and transfer of its common shares in the United States. Arizona Metals Corp. begins trading today on OTCQX under the symbol “AZMCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on https://www.otcmarkets.com/stock/AZMCF/overview. 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. DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered \"DTC eligible\". This reduces costs and accelerates the settlement process for investors and brokers, allowing the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Marc Pais, CEO, commented “We are pleased to trade on the OTCQX Market, which will provide increased accessibility and liquidity for U.S. investors. The timing coincides well with our Phase 2 drill program at the Kay Mine, which began two weeks ago. We expect to release a steady flow of drill results over the coming months. We are expecting to close an over-subscribed private placement of CDN$10 million later this week, which will put us in a very strong financial position to complete an aggressive drill program. We will issue another press release on closing of the financing.” About Arizona Metals Corp Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 ...