Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) has received approval for its fully paid ordinary shares to trade on the OTCQB Venture Market (OTCQB) in the United States of America.
Trading of shares under the ticker CYPMF began at the OTCQB market open on October 15, 2024. This move will provide efficient access for US investors and increased liquidity for shareholders.
The OTCQB listing allows North American investors to trade and settle in trade with settlements in US Dollars (USD) and trading in the North American time zone.
Enhances accessibility
“We are pleased to enhance the visibility and accessibility of the company to North American individual and institutional investors,” said Cyprium executive chair Matt Fifield.
“We have reasonable inquiry from potential North American owners that can see the advantages of Australian copper, a brownfield redevelopment story and a revitalised management team that’s been executing on plan.
"Over time, we expect that this OTCQB listing will facilitate increased liquidity in the company’s shares, to the benefit of all our shareholders.”
Engages broader network
As well as accessing a wider reach of potential investors and other interested stakeholders, trading on the OTCQB also enables the company to engage a broader network of data distributors and media partners through the US facing OTC Markets platform.
The ability to trade the company’s existing fully paid ordinary shares on the Australian Securities Exchange (ASX) will not be affected by having the OTCQB listing.
No new shares have been issued and Cyprium will continue to make announcements and disclosures to the ASX through the Marketing Operating Rules and Listing Rule requirements.
This OTCQB application was supported by Amvest Capital Inc while Berns and Berns served as the sponsor for Cyprium's OTCQB quotation.