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Collective Metals Announces DTC Eligibility of its Common Shares on the OTC Markets
VANCOUVER, British Columbia , Nov. 07, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pl
About this update from Collective Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia , Nov. 07, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”). DTC Eligibility is expected to simplify the process of trading and enhance liquidity of Collective’s shares in the United States. The DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are \"DTC eligible\". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Collective Metals CEO, Christopher Huggins comments, “This is a big step forward for the Company and allows us to increase our visibility and accessibility to shareholders in the United States.” The Company’s common shares trade on the Canadian Securities Exchange under the symbol “COMT” and on the OTC under the symbol “CLLMF”. Extension of Marketing Agreement The Company is also pleased to announce, further to its news release on May 10, 2023, that it has renewed its engagement of marketing services with Hillside Consulting & Media Inc. (“Hillside”) (Address: 474 Main St, Penticton BC, Canada) (Phone: 250-485-3615; Email: [email protected]) for marketing services of up to 3 months, commencing November 8, 2023. Hillside will utilize their online programs to generate a greater following, increase investor awareness and attract potential new investors through various online platforms and methods of engagement for total consideration of CDN$200,000. The activities will occur by email, online publications, social media and other PPC advertising techniques (the “Services”). As of the date hereof, to the Company’s knowledge, Hillside (including its directors and officers) does not own any securities of the Company and has an arm’s length relationship with the Company. The Company will not issue any securi...