Matador Commences Trading on US Based OTCQX Market
SYDNEY: Matador Mining Limited announced its secondary listing onto the OTCQX (OTC) market in the United States has been completed and the Company commenced trading on Friday, 14 May 2021.
The Company’s ticker symbol on the OTC is MZZMF. Trading of Matador shares on the OTC is aimed at enhancing the visibility and accessibility of the Company to North American investors, with the listing allowing potential North American investors to both trade and settle during US trading hours in US dollars.
The OTC is an established trading platform, operated by OTC Markets Group in New York, providing live-market trading in companies which hold primary listings in other markets. Trading of Matador shares on the OTC imposes no additional compliance or regulatory standards over and above the Company’s existing compliance requirements as an Australian incorporated entity listed on the Australian Securities Exchange.
OTC trading is non-dilutive to existing Matador shareholders, as no new shares are being issued to enable trading on the OTC.
Executive Chairman, Ian Murray commented: “With our largest ever exploration program underway, in arguably North America’s most exciting gold jurisdiction, we have been receiving a significant increase from investors based in the region. An OTCQX listing allows for North American investors to more easily buy shares in Matador in their own time zone and currency. We look forward to keeping investors updated in what promises to be an exciting year for the Company.”
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