GREY:ICOTF - Post by User
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moneystarvedon Feb 25, 2014 2:00pm
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iCo Therapeutics Announces DTC Approval - FLOOD GATES R opn
iCo Therapeutics Announces DTC Approval - FLOOD GATES R opn VANCOUVER, Feb. 25, 2014 /PRNewswire/ - iCo Therapeutics Inc. ("iCo" or "the Company") (TSX-V: ICO) (OTCQX: ICOTF) today announced that its United States trading symbol ICOTF has received approval from The Depository Trust Company (the "DTC"), thus providing the Company with DTC eligibility.
DTC eligibility allows for iCo Therapeutics shares to be easily and economically transferred between brokerage accounts electronically. The DTC is the largest securities depository in the world and acts like a clearinghouse for brokers, providing various services.
"The ability to have iCo shares electronically transferred between brokerages in the US is significantly more convenient and reduces the costs incurred in trading shares, thus making it more economical for brokers to buy and sell our ICOTF shares," said Andrew Rae, President & CEO of iCo Therapeutics.