Apex Critical Metals Corp. Expands US Investor Reach with OTCQB Listing Under Symbol APXCF
Apex Critical Metals Corp. (CSE:APXC, OTCQB:APXCF) announced on May 29, 2024, that its common shares are now approved for trading on the OTCQB Venture Market under the symbol APXCF. The company's shares are also DTC eligible, facilitating easier and broader trading access for U.S. investors. CEO Sean Charland stated that this listing and DTC eligibility represent a milestone, enhancing investor accessibility and trading efficiency. The OTCQB requires companies to meet high transparency and financial reporting standards. This move is expected to enhance liquidity and streamline the trading process for Apex’s shares.
- Shares approved for trading on OTCQB under symbol APXCF.
- DTC eligibility simplifies trading and enhances liquidity in the U.S.
- OTCQB listing improves accessibility for U.S. investors.
- CEO Sean Charland highlights milestone achievement for broader investor participation.
- OTCQB standards ensure high transparency and improve trading experience.
- Electronic clearing and settlement accelerate trading processes.
- No specific financial performance metrics provided in the PR.
- No mention of immediate revenue impacts from the OTCQB listing.
- Potential costs associated with meeting OTCQB and DTC eligibility requirements.
VANCOUVER, BC / ACCESSWIRE / May 29, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce its common shares (the "Shares") have been approved for trading under the symbol "APXCF'' on the OTCQB Venture Market ("OTCQB") effective May 29, 2024 and will be Depository Trust Company ("DTC") eligible. Apex Critical Metals will continue to trade on the Canadian Securities Exchange under its existing stock symbol APXC.
Apex Critical Metals CEO, Sean Charland, comments: "Listing Apex Critical Metals on the OTCQB market and making our shares DTC eligible marks another milestone toward enabling more investors to be part of our ongoing progress. With both DTC eligibility and listing on the OTCQB, trading of Apex shares will be easier and made possible to a wider investor audience in the United States."
The OTCQB is a premier marketplace for entrepreneurial and development stage US and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process every six months. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve investors' access to information and trading experience.
The Shares will also be eligible for electronic clearing and settlement in the United States through the DTC. DTC eligibility is expected to simplify the process of trading and to enhance liquidity of the Shares in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corp., a US 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 considered to be DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
About Apex Critical Metals Corp.
Apex Critical Metals Corp.is a Canadian exploration company specializing in the acquisition and development of high potential rare earth elements (REE's) and niobium properties. Apex Critical Metals is publicly listed on the CSE, and its common shares currently trade under the symbol "APXC".
On Behalf of the Board of Directors
APEX CRITICAL METALS CORP.,
Sean Charland
Chief Executive Officer
Tel: 604.681.1568
Email: info@apexcriticalmetals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to the anticipated timing for the Company‘s shares to begin trading under the new name and trading symbol. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including, but not limited to, the receipt of regulatory approval for the change of name and trading symbol. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Apex Critical Metals Corp.
View the original press release on accesswire.com
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