Business
Auxico Resources Reports Uplisting To OTCQB Market, DTC Eligibilitty Approval, And Eiti Membership
MONTREAL, March 27, 2023 /CNW/ - Auxico Resources Canada Inc. (CSE: AUAG) (OTCQB: AUXIF) (the "Company" or "Auxico") is pleased to announce that the Company has
About this update from Auxico Resources Canada, Inc.
[{"type":"text","content":" MONTREAL, March 27, 2023 /CNW/ - Auxico Resources Canada Inc. (CSE: AUAG) (OTCQB: AUXIF) (the \"Company\" or \"Auxico\") is pleased to announce that the Company has received approval to list its common shares on the OTCQB Marketplace, a U.S. trading platform operated by the OTC Markets Group Inc. The Company's OTC stock symbol remains \"AUXIF\" following the uplisting from the OTC Pink Sheets. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. The OTCQB is recognized as an established public financial market for international companies, including natural resource companies in the mining and exploration industry. Auxico anticipates this move will provide the opportunity to increase the Company's visibility, expand liquidity and further diversify its shareholder base. The Company is also pleased to announce that its shares on the OTCQB venture market have now been deemed DTC eligible by the Depository Trust Company (\"DTC\"). Auxico's DTC eligibility approval opens the Company's stock to a broader audience of potential investors and a selection of brokerage firms that require additional compliance, thus increasing accessibility and potential enhanced liquidity from online transactions. \"With the uplisting to the OTCQB, Auxico validates its long-term strategy to expand accessibility of the Company to a broader audience, diversifying its shareholder base with U.S. based institutional and retail shareholders, an opportunity to build its visibility and access greater liquidity,\" said Frederick Kozak, President and CEO of Auxico. \"The prospective and current U.S. investor base is an important group of shareholders, and we are pleased to be increasing our exposure to one of the largest investor markets globally with this uplisting. With DTC eligibility approval, the Company's shareholder base can also benefit from faster execution speeds. This upgrade to OTCQB is part of the natural evolution of Auxico as a quoted company as it becomes a larger and stronger player in the rare earth and critical minerals space, supporting the increased demand by Canada, the U.S., and other global economies to secure resources that fuel the energy, advanced technology and green industries. Following our recent announcements, the Company will continue to focu...