ONGold Announces OTC Trading Approval and DTC Eligibility
ONGold Resources announces its common shares are now trading on the OTCQB Venture Marketplace under the symbol 'ONGRF', while maintaining its TSXV listing under 'ONAU'. The company has also received Depository Trust Company (DTC) eligibility, making its stock more accessible to US investors. DTC eligibility enables electronic clearing and settlement of securities in the United States, accelerating the settlement process. The OTCQB listing requires companies to meet quality standards including current financial reporting, minimum bid price, and annual verification processes.
ONGold Resources annuncia che le sue azioni ordinarie sono ora scambiate sul Mercato OTCQB Venture con il simbolo 'ONGRF', mantenendo comunque la sua quotazione TSXV con 'ONAU'. L'azienda ha inoltre ottenuto l'idoneità della Depository Trust Company (DTC), rendendo le sue azioni più accessibili agli investitori americani. L'idoneità DTC consente la compensazione e il regolamento elettronico dei titoli negli Stati Uniti, accelerando il processo di regolamento. La quotazione OTCQB richiede alle aziende di soddisfare standard di qualità, inclusi report finanziari aggiornati, prezzo minimo di offerta e processi di verifica annuali.
ONGold Resources anuncia que sus acciones comunes ahora se negocian en el OTCQB Venture Marketplace bajo el símbolo 'ONGRF', mientras mantiene su cotización en TSXV bajo 'ONAU'. La compañía también ha recibido la elegibilidad de la Depository Trust Company (DTC), lo que hace que sus acciones sean más accesibles para los inversores estadounidenses. La elegibilidad DTC permite la compensación y liquidación electrónica de valores en los Estados Unidos, acelerando el proceso de liquidación. La cotización en OTCQB requiere que las empresas cumplan con estándares de calidad, incluyendo informes financieros actuales, precio mínimo de oferta y procesos de verificación anual.
ONGold Resources는 이제 일반 주식이 OTCQB 벤처 마켓플레이스에서 'ONGRF' 기호로 거래되고 있으며, 'ONAU' 아래에서 TSXV 상장을 유지한다고 발표했습니다. 회사는 또한 미국 투자자들에게 주식을 더 쉽게 접근할 수 있도록 예탁신탁회사(DTC) 자격을 받았습니다. DTC 자격은 미국에서 증권의 전자 정산 및 결제를 가능하게 하여 정산 프로세스를 가속화합니다. OTCQB 상장은 기업이 현재 재무 보고서, 최소 매도 가격 및 연례 검증 프로세스를 포함하여 품질 기준을 충족해야 합니다.
ONGold Resources annonce que ses actions ordinaires se négocient désormais sur le OTCQB Venture Marketplace sous le symbole 'ONGRF', tout en maintenant son inscription TSXV sous 'ONAU'. La société a également obtenu l'éligibilité de la Depository Trust Company (DTC), rendant ses actions plus accessibles aux investisseurs américains. L'éligibilité DTC permet le règlement et la compensation électroniques des valeurs mobilières aux États-Unis, accélérant le processus de règlement. L'inscription OTCQB exige que les entreprises respectent des normes de qualité, notamment des rapports financiers actuels, un prix de soumission minimal et des processus de vérification annuels.
ONGold Resources gibt bekannt, dass ihre Stammaktien nun unter dem Symbol 'ONGRF' auf dem OTCQB Venture Marketplace gehandelt werden, während sie auch ihr TSXV-Listing unter 'ONAU' beibehält. Das Unternehmen hat außerdem die Berechtigung der Depository Trust Company (DTC) erhalten, was seine Aktien für US-Investoren zugänglicher macht. Die DTC-Berechtigung ermöglicht die elektronische Abwicklung und den Settlement von Wertpapieren in den Vereinigten Staaten und beschleunigt den Abwicklungsprozess. Das OTCQB-Listing erfordert von den Unternehmen, dass sie Qualitätsstandards erfüllen, einschließlich der aktuellen Finanzberichterstattung, eines Mindestgebots und jährlicher Überprüfungsprozesse.
- Obtained OTCQB listing, expanding access to US investors
- Received DTC eligibility, facilitating easier trading for US investors
- Maintains dual listing on TSX Venture Exchange and OTCQB
- None.
Toronto, Ontario--(Newsfile Corp. - October 31, 2024) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (the "Company") announces that its common shares are now trading on the OTCQB Venture Marketplace (the "OTCQB"), a US trading platform that is operated by the OTC Markets Group in New York. The Company has also received Depository Trust Company (the "DTC") eligibility, making the Company's stock more accessible to US investors.
The Company's common shares have commenced trading on the OTCQB under symbol "ONGRF"; the Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "ONAU".
Kyle Stanfield, CEO of the Company stated: "Having ONGold now listed on the OTCQB is a major step in growing our investor base and enables us to attract investors in the US market to a greater degree."
The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The shares of the Company, trading under the symbol "ONGRF" in the United States, are now eligible to be electronically cleared and settled through the DTC and are therefore considered "DTC eligible". This electronic method of clearing securities accelerates the settlement process for investors and brokers.
To be eligible to list on the OTCQB, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
About ONGold Resources Ltd.
ONGold holds significant exploration assets in Northern Ontario, highlighted by the district-scale TPK Project and October Gold Project. These projects represent a strategic footprint in one of Canada's most prolific gold-producing regions.
The TPK Project, known for its extensive gold mineralization, covers 47,976 of hectares in a highly favourable geological setting, and has shown promising exploration results from historical drilling and recent surveys. The project area is situated in a region renowned for its mineral potential.
ONGold also holds the district scale October Gold Project, consisting of 1,308 claims covering an area of 271km2, which has a favorable geological setting for large-scale gold deposits and is located approximately 35 km along strike from the Cote Lake Mine. Evolution Mining Limited ("Evolution") holds an option to acquire a
ONGold also holds a
ONGold is committed to responsible exploration practices and sustainable development, emphasizing strong partnerships with local communities and stakeholders. By adhering to high standards of environmental stewardship and community engagement, ONGold aims to not only explore and develop its assets but also contribute positively to the regions in which it operates.
With a seasoned management team led by industry veterans and a strategic focus on high-potential mining assets, ONGold Resources Ltd. is well-positioned to become a leader in the development of next- generation mines in Canada's prolific mining sectors.
ONGold Resources Ltd. on behalf of the Board of Directors
Kyle Stanfield, Chief Executive Officer & Director
Contact Information
Kyle Stanfield
Chief Executive Officer
Telephone: 1 (855) 525-0992
Email: info@ongoldresources.com
Neither the 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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228532
FAQ
What is ONGold Resources' (ONGRF) new trading symbol on the OTCQB?
When did ONGold Resources (ONGRF) begin trading on the OTCQB?
What are the benefits of ONGold Resources' (ONGRF) DTC eligibility?
