Business
Thermal Energy International Announces Application to Trade on the OTCQB Market in the United States
(TheNewswire) OTTAWA, ONTARIO – TheNewswire - June 22, 2021 ȁ...
About this update from Thermal Energy International Inc.
[{"type":"text","content":"Thermal Energy International Announces Application to Trade on the OTCQB Market in the United States\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n OTTAWA, ONTARIO –\n \n TheNewswire -\n \n June 22, 2021\n– Thermal Energy International Inc. (“\n \n \n Thermal Energy\n \n \n ” or\n \n the\n \n “Company”) (TSXV:\n \n \n TMG\n \n \n \n \n )\n \n \n \n ;\n \n \n (OTC\n \n :TMGEF) an innovative cleantech company and global\nprovider of energy efficiency and emissions reduction solutions, has\nannounced that it has submitted an application to qualify its common\nshares for trading on the OTCQB\n \n ®\n \n Venture Market (the “OTCQB”)  in the United States.\n \n \n \n In the meantime, the Financial Industry Regulatory\nAuthority (or FINRA) has cleared the Company's Form 211, which\nqualifies the Company's shares to trade in the United States on the\nPink Market under the symbol \"TMGEF\".\n \n \n \n \n The Company has also received confirmation that its\ncommon shares are now eligible for electronic clearing and settlement\nthrough the Depository Trust Company (i.e. \"DTC Eligible\").\n \n \n This electronic method of clearing securities\n \n \n simplifies the process of trading the Company's\ncommon shares\n \n \n accelerating the settlement\nprocess for investors and brokers and enabling the stock to be traded\nover a much wider selection of brokerage firms.\n \n \n \n \n The OTCQB, operated by OTC Markets Group Inc., is\nrecognized by the United States Securities and Exchange Commission as\nan established public market providing public information for analysis\nand value of securities. Trading on OTCQB enables investors to easily\ntrade through the broker of their choice and empowers companies to\nimprove the quality of information available for investors. As a\nverified market with efficient access for United States investors,\nOTCQB helps companies build shareholder value with a goal of enhancing\nliquidity and achieving a fair valuation.\n \n \n \n \n The Company's common shares will continue to trade on\nthe TSX Venture Exchange (the \"TSX-V\") under the symbol\n \n \n \n TMG\n \n \n \n .\n \n \n \n \n \"We are pleased to have initiated the process to\ntrade our common shares on the OTCQB.” said\n \n \n , CEO of Thermal\nEnergy.\n \n \n \n \n “We lo...