PesoRama Announces Cross Listing on Frankfurt Stock Exchange
PesoRama Inc. (TSXV: PESO), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, has announced the cross listing of its common shares on the Frankfurt Stock Exchange (FSE) under the symbol 'ZE6'. The FSE, being the largest of Germany's seven stock exchanges, will complement PesoRama's existing TSXV listing.
The company expects this strategic move to enhance liquidity, broaden its shareholder base, and facilitate advanced electronic trading and settlement. CEO Rahim Bhaloo expressed optimism about the cross listing's potential to attract additional investors and support the company's growth.
PesoRama Inc. (TSXV: PESO), una società canadese che gestisce negozi a un dollaro in Messico con il marchio JOi Dollar Plus, ha annunciato la quotazione incrociata delle sue azioni ordinarie sulla Borsa di Francoforte (FSE) con il simbolo 'ZE6'. La FSE, essendo la più grande delle sette borse tedesche, completerà la quotazione esistente di PesoRama sul TSXV.
L'azienda si aspetta che questa mossa strategica migliori la liquidità, ampli la sua base di azionisti e faciliti il trading elettronico avanzato e il regolamento. Il CEO Rahim Bhaloo ha espresso ottimismo riguardo al potenziale della quotazione incrociata di attrarre ulteriori investitori e supportare la crescita dell'azienda.
PesoRama Inc. (TSXV: PESO), una empresa canadiense que opera tiendas de un dólar en México bajo la marca JOi Dollar Plus, ha anunciado la cotización cruzada de sus acciones comunes en la Bolsa de Frankfurt (FSE) con el símbolo 'ZE6'. La FSE, siendo la más grande de las siete bolsas de valores de Alemania, complementará la cotización existente de PesoRama en el TSXV.
La empresa espera que este movimiento estratégico mejore la liquidez, amplíe su base de accionistas y facilite el comercio electrónico avanzado y el liquidación. El CEO Rahim Bhaloo expresó optimismo sobre el potencial de la cotización cruzada para atraer a inversores adicionales y apoyar el crecimiento de la empresa.
PesoRama Inc. (TSXV: PESO)는 JOi Dollar Plus 브랜드로 멕시코에서 달러 가게를 운영하는 캐나다 회사로, 프랑크푸르트 증권거래소 (FSE)에서 'ZE6' 기호로 보통주를 교차 상장한다고 발표했습니다. FSE는 독일의 7개 증권 거래소 중 가장 큰 거래소로, PesoRama의 기존 TSXV 상장을 보완할 것입니다.
회사는 이 전략적 조치가 유동성을 향상시키고 주주 기반을 넓히며 고급 전자 거래 및 결제를 촉진할 것으로 기대하고 있습니다. CEO 라힘 발루는 교차 상장이 추가 투자자를 유치하고 회사의 성장을 지원할 잠재력에 대해 낙관적인 입장을 표명했습니다.
PesoRama Inc. (TSXV: PESO), une entreprise canadienne exploitant des magasins à un dollar au Mexique sous la marque JOi Dollar Plus, a annoncé le double cotation de ses actions ordinaires sur la Bourse de Francfort (FSE) sous le symbole 'ZE6'. La FSE, étant la plus grande des sept bourses allemandes, complétera la cotation existante de PesoRama sur le TSXV.
L'entreprise s'attend à ce que ce mouvement stratégique améliore la liquidité, élargisse sa base d'actionnaires et facilite le commerce électronique avancé et le règlement. Le PDG Rahim Bhaloo a exprimé son optimisme quant au potentiel de cette double cotation pour attirer des investisseurs supplémentaires et soutenir la croissance de l'entreprise.
PesoRama Inc. (TSXV: PESO), ein kanadisches Unternehmen, das Dollar-Läden in Mexiko unter der Marke JOi Dollar Plus betreibt, hat die Cross-Listing seiner Stammaktien an der Frankfurter Wertpapierbörse (FSE) unter dem Symbol 'ZE6' bekannt gegeben. Die FSE, die größte der sieben deutschen Börsen, wird die bestehende TSXV-Notierung von PesoRama ergänzen.
Das Unternehmen erwartet, dass dieser strategische Schritt die Liquidität erhöht, die Aktionärsbasis verbreitert und den fortschrittlichen elektronischen Handel und die Abwicklung erleichtert. CEO Rahim Bhaloo äußerte sich optimistisch über das Potenzial des Cross-Listings, zusätzliche Investoren anzuziehen und das Wachstum des Unternehmens zu unterstützen.
- Enhanced trading liquidity through dual listing on TSXV and FSE
- Expanded access to European investors
- Improved electronic trading and settlement capabilities
- None.
Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, is pleased to announce the cross listing of its common shares on the Frankfurt Stock Exchange (the "FSE") under the symbol "ZE6".
PesoRama's common shares are now cross listed on the TSXV along with the FSE, which is the largest of the seven stock exchanges in Germany. The Company believes that this cross listing on the FSE will enhance liquidity, broaden PesoRama's shareholder base and facilitate advanced electronic trading and settlement.
Rahim Bhaloo, the Chief Executive Officer of PesoRama, commented that: "We are excited to have completed this cross listing, as we believe it will provide enhanced liquidity and attract additional investors who can participate in the further growth of the Company."
About PesoRama Inc.
PesoRama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 24 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more. For more information visit: http://pesorama.ca.
For further information please contact:
Rahim Bhaloo
Founder, CEO & Chairman
rahim@rahimbhaloo.com
416-816-3291
Cautionary Note
This press release contains "forward-looking information" within the meaning of applicable securities laws, including, among other things, statements regarding the Company's listing on the FSE, planned expansion, new store openings and expected future developments and other factors that have been considered appropriate. While the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to changes in consumer behaviour, general economic factors, the ability of the Company to execute its strategies, the availability of capital and the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedarplus.ca. The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).
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 release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241483
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