Galantas Gold Corporation announced that its common shares have qualified to trade on the OTCQX® Best Market (OTCQX) for its operations at Cavanacaw mine in Omagh.
US INVESTORS
The Canadian company’s chief executive and director Mario Stifano said that the OTCQX listing in the United States marked an important milestone for the company.
“Our decision to cross-trade in the US is part of our strategy to grow our international shareholder base and promote greater liquidity as we continue our focus on expanding high-grade gold production and the mineral resources at our Omagh project in Northern Ireland.”
The common shares of Galantas, under the ticker symbol GALKF, will be available to American investors during US working hours and priced in US dollars.
Foreign private issuers, such as Galantas, that trade on the OTCQX and meet the requirements of US Securities Exchange Act Rule 12g3-2(b) are exempt from SEC reporting and will incur minimal ongoing costs as a result of the company’s common shares being traded on the OTCQX.
The company’s shares will continue to trade on the TSX-V and AIM exchanges under the symbol GAL.