DTC eligibility allows the Vancouver company's OTCQB market shares to be bought and sold electronically, without the need for physical share certificates. The increased ease of trading lets a stock cast a wider net for potential investors.
“DTC eligibility increases overall visibility with investors in the US, and allows the company's stock to be traded with a much wider group of brokerage firms,” Director Brian Keane said. “We anticipate that our shareholders will benefit from increased liquidity and a larger shareholder base in addition to more convenience and greater execution speeds.”
The DTC is a subsidiary of the Depository Trust & Clearing Corporation, which handles clearing and settlement of publicly traded companies.
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