Australia

White Rock Minerals begins trading on US-based OTCQX Best Market

White Rock Minerals Ltd (ASX:WRM) (OTCQX:WRMCF) shares are now trading on the US-based OTCQX Best Market, the highest market tier of OTC Markets on which 11,000 US and global securities trade.

Trading on the US bourse under the ticker symbol of WRMCF will complement the existing ASX listing.

The company applied for an OTCQX cross-listing following strong interest from North American investors in the recent equity raising and the Red Mountain project in Alaska.

US listing is expected to enhance White Rocks focus on the high-grade zinc-silver-gold-lead VMS and IRGS project at Red Mountain, which includes the Last Chance prospect.

Important step

The OTCQX listing is an important step in the growth aspirations for the company following the strong interest shown by North American investors in a recent equity raising and trading on the ASX.

This step is also a part of White Rocks strategy to raise awareness about the companys high-grade silver-zinc-gold-lead VMS and gold IRGS project, which could be of interest to North American investors.

Value and convenience

OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused US and international companies.

It provides value and convenience to the US investors, brokers and institutions seeking to trade WRMCF.

To be eligible for listing at OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with U.S. securities laws.

The bourse aims to provide current and potential North American investors with appropriate accessibility and liquidity to invest in the company.

Benefits for company

The OTCQX Market provides White Rock access to one of the largest investment markets in the world at a nominal cost, with no additional compliance requirements, compared to traditional major exchanges.

Existing ordinary shares of White Rock will be traded on the OTCQX Market andRead More – Source