
December 18, 2022
Winsome Resource Limited (ASX:WR1, OTCQB:WRSLF; “Winsome” or “the Company”) is pleased to announce it has been officially quoted on the US-based OTC-QB market exchange, allowing its securities to be more readily accessed by North American investors.
HIGHLIGHTS
- Winsome Resources quoted on US-based OTCQB exchange
- Provides ease of trading for US and Canadian investors
- Allows existing shares to be quoted in US dollars and traded during local market hours
OTC Markets Group, which offers a range of over-the-counter marketplaces, is the largest trading house in North America for non-US equities. The OTCQB market is the mid-tier offering of the group, providing a trading exchange for shares in US and international entrepreneurial and development-stage companies.
The quotation facilitates trading of Winsome shares in the USA and Canada without the complexity of having to be registered by the US Securities and Exchange Commission (SEC). It means existing Winsome shares can be quoted in US dollars and traded during local market hours.
WINSOME RESOURCES MANAGING DIRECTOR CHRIS EVANS SAID:
“This is an exciting opportunity for Winsome, enabling our stock to be accessible to the traditional high net worth retail investor base in North America.
“It provides a means for this informed group of investors to access Winsome shares without having to negotiate international trades and different exchange rules to those they are more familiar with. It also means we can enter this market without the need to dilute current shares on offer.
“The investment appetite for lithium is strong in North America given recent commitments from the US and Canadian governments to shore up local battery mineral supply chains.”
Click here for the full ASX Release
This article includes content from Winsome Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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