Business
Application to cross trade on the U.S. OTCQX
Application to cross trade on the U.S. OTCQX.
About this update from Cleantech Lithium Plc
[{"type":"text","content":"\n \n \n \n 15.12.22\n \n \n \n \n CleanTech Lithium PLC (\"CleanTech Lithium\" or the \"Company\")\n \n \n \n \n Application to cross trade on the U.S. OTCQX and appointment of OTCQX Sponsor\n \n \n \n \n \n \n \n \n CleanTech Lithium PLC (AIM:CTL), an exploration and development company\n advancing the next generation of sustainable lithium projects in Chile,\n is pleased to announce \n that an application has been filed with the OTC Markets Group for the Company's Ordinary Shares to be publicly cross traded on the OTCQX Market (\"OTCQX\") based in the United States (\"U.S.\").\n \n \n Established in 2007, the OTCQX, also called \"The OTCQX Best Market,\" is\n recognised by the U.S. Securities and Exchange Commission (the \"SEC\") as an \"Established Public Market.\" The OTCQX is a leading market for U.S. companies and for international companies already listed on a qualified international stock exchange. As a verified market with efficient access to U.S. investors, OTCQX enables global companies to better access the support of U.S. investors, distribute information in the U.S. public markets and through that build shareholder value with the goal of enhancing liquidity and achieving a fair valuation.\n \n \n The Company believes that having its Ordinary Shares traded on the OTCQX will provide enhanced investor benefits, including easier trading access for certain investors located in the U.S., and greater liquidity due to a broader geographic pool of potential investors. Through trading on the OTCQX, the Company will be able to engage with a network of U.S. investors, data distributors and media partners, ensuring that U.S. investors have access to the same level of information and disclosure that is available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQX cross-trading facility will provide U.S. based investors with the ability to access CleanTech Lithium's Ordinary Shares in U.S. dollars during U.S market hours.\n \n \n The Company has engaged the corporate securities law firm of Galanopoulos & Company as its OTCQX Sponsor. A market maker and Investor Relations company will be appointed in the U.S. to support the promotion of the Company and trading on the OTCQX...