Business
Cielo Announces U.S. Listing on the OTCQB Venture Market Under Symbol CEIWF & Provides Operational Update
VANCOUVER, BC / ACCESSWIRE / December 9, 2019 / Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB...
About this update from Cielo Waste Solutions Corp.
[{"type":"text","content":"Cielo Announces U.S. Listing on the OTCQB Venture Market Under Symbol CEIWF & Provides Operational UpdateVANCOUVER, BC / ACCESSWIRE / December 9, 2019 / Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CEIWF) (\"Cielo\" or the \"Company\") is pleased to announce that the Company has been approved to trade on the OTCQB Venture Market (\"OTCQB\"), a United States trading platform that is operated by the OTC Markets Group in New York. The Company will trade on the OTCQB under symbol \"CEIWF\" and the Company's common shares will continue to trade on the Canadian Securities Exchange under the symbol \"CMC\".\"We anticipate that in addition to our CSE listing, trading on the OTCQB will raise our visibility within the U.S. investment community and will help us to broaden our shareholder base by facilitating easier access for U.S. investors to acquire shares in Cielo,\" said Mr. Don Allan, President and CEO. The Company is in the process of changing its trading symbol and obtaining DTC eligibility, which is expected to occur in the near future.The OTCQB is recognized as an Established Public Market by the U.S. Securities and Exchange Commission and is a leading market for U.S. and international companies in the entrepreneurial and development stage. 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 quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. As a verified market with efficient access for U.S. investors, OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.OTC Markets Group is an American financial market providing price and liquidity information for roughly 10,000 over-the-counter securities. The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink. Cielo has now been approved to initially trade on the OTCQB. This is a significant milestone for the Company, which we believe should provide current shareholders and prospective investors with greater access and liquidity.Operational Update: On November 28th, ...