Genesis Now DTC Eligible in the United States

Rhea-AI Summary

Genesis Ai Corp. announces that its common shares are now eligible for electronic clearing and settlement through the DTC in the United States, enhancing liquidity and trading process. The CEO states that this provides cost-effective electronic clearing and guaranteed settlement for investors.

Kelowna, British Columbia--(Newsfile Corp. - November 2, 2023) - Genesis Ai Corp. (CSE: AIG) (OTCQB: AIGFF) (the "Company") is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the DTC (Depository Trust Company) in the United States.

DTC creates a seamless process of trading and enhanced liquidity of company's common shares. Genesis Ai shares started trading on the OTCQB earlier this summer.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States.

Devinder Randhawa, CEO, stated, "We are pleased to announce DTC eligibility for the Company's shares as it provides investors cost-effective electronic clearing and guaranteed settlement of the Company's shares in the United States."

About Genesis Ai Corp.

Genesis Ai is a proprietary generative AI (artificial intelligence) model in development, building digital twins for real-world natural resources applications. Digital twins can be manipulated and studied in computer generated worlds, with the influence of deep machine learning and neural networks, providing disruptive real-world problem solving. Genesis Ai Corp. is pursuing opportunities in the precision geospatial, forestry analytics, and carbon sector through Ai.
 

ON BEHALF OF THE BOARD OF DIRECTORS

"Dev Randhawa"

President and Director
 

For further information, please contact:

Jamie Bannerman
Phone: 1-250-868-6553
info@genesisaicorp.com
 

The CSE does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186084

FAQ

What is the news about Genesis Ai Corp.?

Genesis Ai Corp. announces that its common shares are now eligible for electronic clearing and settlement through the DTC in the United States.

What is DTC?

DTC stands for Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corporation, which manages the electronic clearing and settlement of publicly traded companies.

What are the benefits of DTC eligibility?

DTC eligibility simplifies the trading process and enhances liquidity of the Company's common shares in the United States.

What did the CEO of Genesis Ai Corp. say about DTC eligibility?

The CEO stated that DTC eligibility provides investors with cost-effective electronic clearing and guaranteed settlement of the Company's shares in the United States.