Miner EDM Resources seeks US listing to widen investor base

The institution said it has engaged OTC Advisory Services to assistance with its exertion and the regulatory steps required to unafraid a US quotation for its communal shares.

The determination comes arsenic EDM advances permitting astatine its Scotia Mine adjacent Halifax and expands exploration activities successful the surrounding region.

Mark Haywood, president and main executive, described the planned US quotation arsenic a “strategic measurement forward”.

“Expanding EDM's trading level into the United States is simply a strategical measurement forward,” helium said. “A US quotation volition broaden capitalist access, heighten liquidity, and summation our visibility wrong the North American superior markets.

"As we beforehand permitting astatine the Scotia Mine and grow exploration activities, strengthening entree to U.S. investors supports our semipermanent nonsubjective of unlocking shareholder value.”

The OTCQB market, operated by OTC Markets Group, is aimed astatine entrepreneurial and development-stage companies that conscionable reporting and governance standards.

EDM said the exertion process volition impact the mentation of firm and fiscal documentation, coordination of a Form 211 filing with a FINRA-registered marketplace shaper and, if approved, steps to get eligibility with the Depository Trust Company to alteration physics clearing and colony successful the US.