Power Metal Resources PLC Admission to trading on OTCQB Market

RNS Number : 9133J

Power Metal Resources PLC

10 April 2024

 

10th April 2024

Power Metal Resources plc

("Power Metal" or the "Company")

Admission to trading on OTCQB Market

Power Metal to be admitted to trading on the OTCQB Venture Market on 10^th April 2024

Power Metal Resources plc (AIM:POW, OTCQB:POWMD), the London listed exploration company with a global project portfolio, is pleased to announce that its ordinary shares of 2 pence each ("Ordinary Shares") have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States ("U.S.") and will commence trading on 10^th April 2024, initially under the symbol "POWMD" before reverting back to "POWMF" on or around 23^rd April 2024.

Trading of the Company's Ordinary Shares on AIM will continue under the symbol "POW", and no new Ordinary Shares have been issued through this process. The Company will continue to make all announcements and disclosures to the London Stock Exchange through the Regulatory News Service and is not subject to any Sarbanes-Oxley or U.S. Securities and Exchange Commission reporting requirements.

Trading on the OTCQB offers enhanced investor benefits in the form of easier trading access for investors located in the U.S. and potentially greater liquidity due to a broader geographic pool of potential investors. Through trading on the OTCQB, Power Metal will be able to engage with a network of U.S. investors ensuring that they have the same level of information and disclosure available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQB trading facility will provide U.S. based investors with the ability to access the Company's Ordinary Shares in U.S. dollars during U.S. market hours.

Sean Wade, CEO of Power Metal, commented: 

"I am very pleased to announce this major development in our relationship with the international capital markets. We have significant interest in our shares from North American investors, and the admission to trading on OTCQB will make it considerably easier for them to invest.

We see this as an important step in expanding our investor base and by so doing, adding value to all our shareholders."

 

For further information visit www.powermetalresources.com or contact the following:

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc
Sean Wade (Chief Executive Officer)	[phone]
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat/Caroline Rowe	[phone]
SI Capital Limited (Joint Broker)
Nick Emerson	[phone]
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson   BlytheRay (PR Advisors) Tim Blythe/Megan Ray	[phone]     [phone]

 

 

 

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