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Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) announce that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTCQX marketplace effective November 26, 2015.
Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) announce that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTCQX marketplace effective November 26, 2015.
As quoted in the press release:
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
VStock Transfer provided guidance to Nemaska Lithium and facilitated the process. Being DTC-eligible is expected to greatly simplify the process of trading and exchanging Nemaska Lithium common stock on the OTCQX marketplace in the United States.
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