Great Western Mining set for trading debut on mid-tier US OTCQB Market
Great Western Mining Corp said its shares will start trading on the OTCQB Market in the US from Monday.
The mid-tier equity marketplace operated by OTC Markets Group is for early-stage, developing, and growth-oriented companies.
Nevada-focused gold, silver and copper explorer Great Western said cross-trading on the OTCQB will provide ‘significant’ benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally.
Additionally, the OTCQB cross-trading facility will enable US investors to access Great Western’s ordinary shares in US dollars, during US market hours.
Chair Brian Hall said the timing of the admission to the OTCQB ‘could not be better’.
‘With a high-impact drilling campaign set to commence next month at our tungsten project in Nevada, we are entering what we believe will be a highly significant phase in the company’s development and one that has the potential to generate substantial value as we advance our assets towards development,’ he added.
‘We look forward to engaging with a broader audience of US investors as we progress our exploration programmes and continue advancing our vision of becoming a meaningful domestic tungsten and copper producer,’ he continued.
Shares in Great Western fell 9.2% to 3.95 pence each in London on Monday.
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