Business
District Provides Notice to Shareholders who Seek to Transfer Shares in Preparation for Nasdaq First North Growth Listing
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - District Metals Corp. (TSXV...
About this update from District Metals Corp.
[{"type":"text","content":"District Provides Notice to Shareholders who Seek to Transfer Shares in Preparation for Nasdaq First North Growth ListingVancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to provide notice to shareholders who would like to transfer their common shares in the Company from the TSX Venture Exchange (\"TSXV\") to Swedish depository receipts (\"SDRs\"), financial instrument issued by a Swedish bank representing shares in a non-Swedish company. The Company is currently in the process of preparing for a potential secondary listing on the Nasdaq First North Growth Market (\"Nasdaq First North\") in Sweden.To facilitate the conversion of common shares of District to SDRs in Sweden, shareholders are encouraged to contact DNB Markets, a part of DNB Bank ASA, Sweden Branch, to receive detailed instructions on how to proceed with the conversion of securities by emailing Securities Services & Custody at [email protected]. DNB will reach out to shareholders via their bank or broker in order to establish a conversion date for those who wish to convert their common shares to SDRs. Garrett Ainsworth, CEO, commented: \"A significant increase of Swedish shareholders on District's share registry may be related to the excitement surrounding District's 100% owned Viken energy metal deposit combined with the potential lifting of the uranium moratorium in Sweden. This encouraging dynamic has led the Company to commence preparations for an application to obtain a secondary listing on the Nasdaq First North to allow for Swedish investors to more easily participate in District's journey.\"Benefits of a Nasdaq First North listing are represented to be:Proven Growth Platform: More than 120 Nasdaq First North listed companies have grown and migrated to the Nasdaq Stockholm Main Market.Active Market: Strong investor demand for growth companies, both among retail investors as well as domestic and international institutional investors.Global Brand: The Nasdaq brand brings visibility and credibility, and can potentially help listed companies as they expand internationally and in talent acquisition (see Nasdaq First North website).Technical InformationAll scientific and technical information in this news release has been prepared by, or...