Tidal Royalty Corp. (CSE:RLTY, OTC:TDRYF) is looking to reinstate its shares on the OTC markets through filing a registration statement with the U.S. securities regulatory authority.
As reported on September 11, after the close on September 10, the OTC ceased listing the shares under the symbol TDRYF due to an issue with the firm's predecessor.
"Tidal Royalty is working to prepare a registration statement on Form 20-F that it expects will rectify the historical filing deficiencies of the predecessor entity and permit FINRA (the Financial Industry Regulatory Authority that regulates the OTC Markets) to reinstate Tidal Royalty's eligibility for quotation on the OTC Markets," it said in a brief statement today.
"Tidal Royalty is hopeful its common shares will resume trading on the OTC Markets before the end of the year."
Paul Rosen, the chairman of Tidal Royalty Corp. said on Thursday: "We are committed to rectifying the filing delinquencies of the predecessor company and to reinstate our listing on the OTC Markets.
"In the meantime, our stock continues to trade on the CSE."