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OneSoft Solutions Gains DTC Eligibility to Help Trading of Its Shares on the OTCQB
OneSoft Solutions (TSX-V:OSS) has announced that it has secured DTC Eligibility by the Depository Trust Company for its shares on the OTCQB market as of June 7, 2017. As quoted in the press release: OneSoft trades on the TSX Venture Exchange under “OSS” and on the OTCQB® Venture Market (“OTCQB”), under the symbol “OSSIF”. The …
OneSoft Solutions (TSX-V:OSS) has announced that it has secured DTC Eligibility by the Depository Trust Company for its shares on the OTCQB market as of June 7, 2017.
As quoted in the press release:
OneSoft trades on the TSX Venture Exchange under “OSS” and on the OTCQB® Venture Market (“OTCQB”), under the symbol “OSSIF”.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of the trading of shares of publicly traded companies in the USA. 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 and greatly reduces transactional costs for participating stock brokerages.
Dwayne Kushniruk, CEO of OneSoft Solutions Inc., stated, “We are pleased to announce that we have obtained DTC eligibility to simplify the trading of our common stock in the USA. Our prime sales focus is U.S. pipeline companies and we believe being listed and tradeable in the USA is highly complementary to our growth and business objectives as we continue to evolve the Company. We would like to thank our agent, VStock Transfer, for their guidance and expertise throughout this process.”
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