Universal Copper Engages Matador Capital Markets Corp. for DTC Eligibility in the United States

Rhea-AI Summary

Universal Copper Ltd. (OTC: ECMXF) has signed a DTC Corporate Eligibility and Consulting Services Agreement with Matador Capital Markets Corp. The partnership will facilitate Universal Copper's application to the Depository Trust Company (DTC) for electronic clearing and settlement of its shares in the U.S. Clive Massey, CEO, emphasized that DTC eligibility will simplify trading and accelerate transactions for U.S. shareholders. The company focuses on acquiring and exploring copper properties, particularly the Poplar Copper Project in British Columbia.

Positive

• Engagement with Matador Capital Markets for DTC eligibility enhances trading efficiency in the U.S.
• DTC eligibility is expected to simplify electronic trading for U.S. shareholders.
• Focus on advancing the Poplar Copper Project, a notable copper resource.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 15, 2021 / Universal Copper Ltd. ("Universal Copper" or the "Company") (TSXV:UNV)(FRA:3TA1)(OTC PINK:ECMXF) is pleased to announce it has signed DTC Corporate Eligibility and consulting Services Agreement with Matador Capital Markets Corp. ("Matador") of St Petersburg Florida.

Matador will immediately make an application to Depository Trust & Clearing Corp. ("DTC") for the Company's common shares traded on the OTC Market to be cleared and settled electronically in the United States. The Company has paid a fee to Matador to facilitate the application.

Depository Trust Company is a New York based entity which performs the functions of a Central Securities Depository as part of the US National Market System and is a subsidiary of the Depository Trust & Clearing Corp. which manages the electronic clearing and settlement of share transactions for publicly traded companies.

Clive Massey, Universal Copper's CEO, stated: "We are incredibly pleased to submit an application for DTC eligibility to simplify the trading of Universal's stock in the United States. Once the Company obtains DTC eligibility our stock can be effectively settled electronically which will accelerate trades and the exchange of stock for our United States shareholders."

Investors in the United States can find current financial disclosure and the full depth of book with Real-Time Level 2 Quotes on OTC Markets for Universal under symbol ECMXF at www.otcmarkets.com.

About Universal Copper

Universal Copper Ltd. is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company's management team has many years of experience in exploration, finance, and efficient public company management. Universal's current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.

For additional information, please visit the Company's website at www.universalcopper.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Clive Massey"

Clive H. Massey
President & CEO

For further information, please contact:

Investor Relations
Phone: (604) 341-6870

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Universal Copper Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Universal Copper Ltd. management on the date the statements are made. Except as required by law, Universal Copper Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: Universal Copper Ltd.

View source version on accesswire.com:
https://www.accesswire.com/635403/Universal-Copper-Engages-Matador-Capital-Markets-Corp-for-DTC-Eligibility-in-the-United-States

FAQ

What is the purpose of Universal Copper's agreement with Matador Capital Markets?

The agreement is aimed at facilitating Universal Copper's application for DTC eligibility, which will simplify the trading of its stock in the U.S.

How does DTC eligibility affect Universal Copper's shares?

Obtaining DTC eligibility allows for electronic clearing and settlement of shares, making trading more efficient for U.S. investors.

What is the focus of Universal Copper Ltd.?

Universal Copper is focused on the acquisition and exploration of copper properties, specifically advancing the Poplar Copper Project in British Columbia.

What stock symbol does Universal Copper trade under on OTC Markets?

Universal Copper trades under the symbol ECMXF on OTC Markets.