Business
Big Ridge Gold Announces OTCQB Listing and DTC Eligibility
Toronto, Ontario--(Newsfile Corp. - November 2, 2021) - Big Ridge Gold Corp. (TSXV: BRAU) (OTC...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Big Ridge Gold Announces OTCQB Listing and DTC EligibilityToronto, Ontario--(Newsfile Corp. - November 2, 2021) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) (\"Big Ridge\" or the \"Company\") is pleased to announce that the company's common shares are now trading on the OTCQB Venture Market (\"OTCQB\"), a US trading platform operated by the OTC Markets Group, under the symbol \"ALVLF\".\"Listing on OTCQB is part of a longer-term strategy to expose the Company to a broader audience,\" said Mike Bandrowski, President and CEO of Big Ridge. \"We believe trading on OTCQB will help the company increase liquidity by providing our current and future American retail investors with a trading platform.\"OTCQB is the premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB Venture quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.In addition, Big Ridge announced today that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (\"DTC\") in the United States. Through the OTCQB listing, American investors may now more easily trade the Company's stock in addition to Big Ridge's listing on the TSX Venture Exchange.DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of shares of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be \"DTC eligible\". The electronic clearing and settlement of Big Ridge's shares in the United States is far more convenient and reduces the costs incurred in trading shares. With Big Ridge's shares now traded electronically, existing investors will benefit from greater liquidity over time and execution speeds, while new investors will face fewer restrictions on their ability to acquire shares.About Big Ridge Gold Corp.Big Ridge Gold Corp. is an explorat...