Business
Golden Cariboo Enhances US Investor Access with DTC Eligibility and Commences Trading on the OTCQB Under the Symbol GCCFF
(TheNewswire) June 10, 2024 – TheNewswire - Vancouver, Canada – Golde...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Enhances US Investor Access with DTC Eligibility and Commences Trading on the OTCQB Under the Symbol GCCFF\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n June 10, 2024 –\n \n \n TheNewswire -\n \n \n Vancouver, Canada – Golden Cariboo Resources\nLtd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A042CQ)\n(FSE:3TZ)\n \n \n is pleased to announce\n \n \n that its common shares commenced trading on the OTCQB Venture\nMarket (the \"OTCQB\") under the symbol \"GCCFF\" and\nare now eligible with the Depository Trust Company (\"DTC\").\nThe Company will continue to trade on the Canadian Securities Exchange\nunder its existing symbol, GCC and on the Frankfurt Stock Exchange\nunder the Symbol 3TZ.\n \n \n \n \n The Company’s President and CEO, J. Frank Callaghan,\nstated \"Listing Golden Cariboo on the OTCQB market and achieving\nDTC eligibility represents a significant milestone, allowing more\ninvestors to participate in the Company’s ongoing and exciting\ndevelopments at our Quesnelle Gold Quartz Mine property. These steps\nwill make trading Golden Cariboo’s shares more accessible to a\nbroader audience in the United States.\"\n \n \n \n \n The OTCQB is a leading marketplace for entrepreneurial\nand development stage companies from the US and internationally,\ncatering to their US investors. To qualify, companies must be current\nwith their financial reporting, meet a minimum bid price requirement,\nand undergo an annual verification and management certification\nprocess every six months. The OTCQB's quality standards ensure a solid\nfoundation of transparency, providing the technology and regulation\nneeded to enhance investors' access to information and improve their\ntrading experience.\n \n \n \n \n Additionally, the Company’s shares will be eligible\nfor electronic clearing and settlement in the United States through\nthe DTC. This eligibility is expected to streamline the trading\nprocess and enhance liquidity in the US market.\n \n \n \n \n DTC, a subsidiary of the Depository Trust &\nClearing Corp., manages the electronic clearing and settlement of\npublicly traded companies. Securities eligible for electronic clearing\nand settlement through DTC are considered DTC eligible. This method\nspeeds up the receipt of stock and cash, acc...