Business
OTCQB Venture Market Trading Facility in the USA
OTCQB Venture Market Trading Facility in the USA.
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n\n4 April 2024\nUnion Jack Oil plc\n(\"Union Jack\" or the \"Company\")\nOTCQB Venture Market Trading Facility in the United States of America\n \nUnion Jack Oil plc (AIM: UJO) and (OTCXB: UJOGF), a UK and USA focused onshore hydrocarbon production, development and exploration company, is pleased to announce that the Company's Ordinary Shares have been approved to trade on the OTCQB Venture Market (\"OTCQB\") in the United States of America (the \"USA\") and will commence trading at market open today under the ticker UJOGF.\n \nThe Company believes that dual trading on the AIM Market of the London Stock Exchange (\"AIM\") and the OTCQB will provide enhanced investor benefits, which include an uncomplicated trading access for investors based in the USA and increased liquidity due to a broader geographic pool of potential investors.\n \nThe ability to trade in the Company's existing Ordinary Shares on AIM will not be affected by having the OTCQB facility and no new Ordinary Shares have been issued. Union Jack will continue to make announcements and disclosures to the London Stock Exchange through the Regulatory News Service and has no Sarbanes-Oxley or USA Securities and Exchange Commission (\"SEC\") reporting requirements.\n \nThe OTCQB is recognised as an Established Public Market by the SEC and is a leading market for USA and international companies in the development stage. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. As a verified market with efficient access to USA investors, OTCQB helps dynamic companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.\n \nHarbor Access (web: harbor-access.com), an established North American based Investor Relations Group has been appointed to represent Union Jack, to assist with increasing visibility and facilitating a better understanding of the Company throughout the USA financial markets.\n \nThe Company would like to thank the team at the International Corporate Services of OTC Markets, both sides of the Atlantic for their assistance, and B. Riley Financial Inc, a respected corporate securities firm that acted as Sponsor for the Company's application to commen...