ScreenPro Announces Application for US Listing on OTCQB
ScreenPro Announces Application for US Listing on OTCQB Venture Market and Electronic Clearing with Depository Trust & Clearing Corp.
2021-04-21 12:00 ET - News Release
Toronto, Ontario--(Newsfile Corp. - April 21, 2021) - ScreenPro Security Inc. (CSE: SCRN) ("ScreenPro" or the "Company") is pleased to announce that it has applied to the OTC Markets Group to trade on the OTCQB Venture Market ("OTCQB"), a US trading platform operated by the OTC Markets Group in New York.
The Company believes that trading on the OTCQB will provide increase its visibility for ScreenPro and additional liquidity within the U.S. capital markets. ScreenPro will continue to trade on the Canadian Securities Exchange under its symbol "SCRN". Company will provide further information once its common shares commence trading.
John McMullen, CEO of ScreenPro Security Inc, commented: "This new OTCQB listing provides access to a wider support from investors in the United States and enhances our visibility in the capital markets. Our efforts to improve the profile of the Company's objectives and liquidity of the Company's stock overall in the markets."
The OTCQB is recognized by the Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. As a verified market with efficient access for U.S. investors, OTCQB helps companies build shareholder value with the goal of enhancing liquidity and achieving a fair valuation.
The Company will also in connection to OTQB listing make an application to Depository Trust & Clearing Corp. ("DTC") for the Company's common shares to be cleared and settled electronically in the United States once the OTQB listing is complete.
About OTC Market Group Inc
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how OTC Markets creates better informed and more efficient markets, visit www.otcmarkets.com.
About Depository Trust and Clearing Corporation
Depository Trust Company is a New York based entity which performs the functions of a Central Securities Depository as part of the US National Market System and is a subsidiary of the Depository Trust & Clearing Corp. which manages the electronic clearing and settlement of share transactions for publicly traded companies.
To learn more about DTC, visit www.dtcc.com