Commencement of Trading on OTCQX
Commencement of Trading on OTCQX
Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to announce that its ordinary shares are now trading on the OTCQX under the ticker symbol of SRBIF. The OTCQX is the highest market tier of OTC Markets on which global securities trade. Trading on OTCQX will enhance the visibility, liquidity and accessibility of the Company to U.S. investors. Serabi’s ordinary shares will continue to trade on the AIM market of the London Stock Exchange under the symbol SRB and on the main market of the TSX under the symbol SBI.
Commenting on the announcement, Serabi’s CEO, Mike Hodgson, said that “We are delighted to qualify for the premier tier on OTC Markets. Securing a quotation on OTCQX will simplify the ability for US based investors to invest in Serabi’s ordinary shares without the need to establish trading accounts in either the UK or Canada. At the same time the Company is not required to increase its current levels of regulatory reporting or compliance, making this a very cost-effective option for expanding the investor base of Serabi.”
The OTCQX Market is an important step for companies seeking to provide transparent trading for U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Enquiries
SERABI GOLD plc
Michael Hodgson t +44 (0)20 7246 6830
Chief Executive m +44 (0)7799 473621
Clive Line t +44 (0)20 7246 6830
Finance Director m +44 (0)7710 151692
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Andrew Khov m +1 647 885 4874
VP – Investor Relations and
Business Development
e contact@serabigold.com
BEAUMONT CORNISH Limited
Nominated Adviser & Financial Adviser
Roland Cornish / Michael Cornish t +44 (0)20 7628 3396
PEEL HUNT LLP
Joint UK Broker
Ross Allister t +44 (0)20 7418 9000
TAMESIS PARTNERS LLP