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- White Rock Minerals (WRM) secures approval to trade its shares on the OTCQX
- Depository Trust Company (DTC) has given the green light for the new trade, making it easier for US investors
- The approval allows real-time electronic clearing and settlement in the USA
- On the market today, White Rock is up 7.14 per cent and is trading at 30 cents per share
White Rock Minerals (WRM) has secured approval to trade its shares on the OTCQX.
Depository Trust Company (DTC) has given the green light for the new trade, making it easier for US investors.
The approval allows real-time electronic clearing and settlement in the USA for its OTCQX-quoted ordinary shares though the Depository Trust & Clearing Corporation (DTCC).
DTC is a subsidiary of the DTCC, a US company that manages the electronic clearing and settlement of publicly traded companies.
Online brokers such as Ameritrade, Fidelity, Charles Schwab and E-Trade all offer OTCQX trades.
White Rock’s Managing Director and CEO, Matt Gill, is excited to have DTC electronic trading as White Rock shares can now be traded in USD.
“We receive requests almost daily from US Investors who have had difficulty buying our stock and are pleased to announce that we have obtained DTC eligibility, effective immediately,” he said.
“This should simplify trading and enhance liquidity with a wider pool of investors. We would like to thank our transfer agent Dynamic Stock Transfer, our OTC Sponsor MCAP LLC and our legal advisor Rimon Law.”
On the market today, White Rock was up 7.14 per cent and is trading at 30 cents per share at 12:56 pm AEDT.
