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Wesdome Gold Mines Announces Commencement of Trading on the OTCQX Market
TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO; OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces that its common shares
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":" TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO; OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces that its common shares are now trading on the OTCQX® under the ticker symbol WDOFF, after qualifying for an upgrade from the Pink market. The OTCQX Best Market is the highest market tier of OTC Markets on which 11,000 U.S. and global securities trade. Wesdome common shares will continue to trade on the TSX under the symbol WDO as the Company’s primary listing. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company at www.otcmarkets.com. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Wesdome is also in the process of securing Depository Trust Company (\"DTC\") eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com/stock/WDOFF/quote. Mr. Duncan Middlemiss, President and CEO commented, “We are pleased to have achieved this milestone and to commence trading on OTCQX. Joining the market is expected to enhance our liquidity and visibility in the U.S market and provide access to a broader set of investors.” COVID-19 The health and safety of our employees, contractors, vendors, and consultants is the Company’s top priority. In response to the COVID-19 outbreak, Wesdome has adopted all public health guidelines regarding safety measures and protocols at all of its mine operations and corporate offices. In addition, our internal COVID-19 Taskforce continues to monitor developments and implement policies and programs int...