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Margaux Resources Ltd. (TSXV:MRL; OTCQB:MARFF)) common shares have been approved to commence trading as of today’s date on the OTCQB Venture Market in the United States, under the symbol MARFF.
Margaux Resources Ltd. (TSXV:MRL; OTCQB:MARFF) common shares have been approved to commence trading as of today’s date on the OTCQB Venture Market in the United States, under the symbol MARFF.
“Through this listing we intend to provide a more visible and liquid market for our common shares in the United States, building on our current disclosure and profile provided by our TSX Venture listing,” said Tyler Rice, president and chief executive officer. “We are looking forward to increasing the visibility of Margaux and providing current and prospective Margaux shareholders based in the U.S. the opportunity to learn more about the company’s news and developments, and ultimately broadening our shareholder base.”
Ahead of the OTCQB listing, Margaux has partaken in multiple marketing initiatives in the U.S., starting with road shows in Atlanta and New York, followed by equity and investment conferences in New Orleans, San Francisco and Palm Beach.
Margaux was assisted in its listing on the OTCQB by B. Riley & Co. LLC, which acted as the principal American liaison sponsor while providing Margaux with capital markets advisory services and guidance through the listing process. B. Riley is a full-service investment bank and a wholly owned subsidiary of B. Riley Financial Inc., a publicly traded, diversified financial services company.
Trading on the OTCQB will allow investors in the United States greater access to invest in Margaux’s shares. The OTCQB Venture Market is for entrepreneurial and development-stage international and U.S. companies. To be eligible, 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.
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