TSXV:KLD - Post Discussion
Post by
knoxt on Sep 24, 2021 8:30am
news
| |
| Kenorland Minerals Obtains DTC Eligibility in the US |
|
CNW Group Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or "the Company") today announced that its common shares received approval from The Depository Trust Company ("DTC") of New York, NY and are now DTC eligible. DTC eligibility allows the Company's shares to be more easily and economically transferred between brokerage accounts electronically within the United States. DTC is the largest securities depository in the world, providing clearing and settlement efficiencies for brokers, as well as various other services. With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may have been previously restricted from the Company's common shares and simplifies the process of trading the common shares in the United States. About Depository Trust Company (DTC) Depository Trust Company (DTC) was founded in 1973 and is a New York corporation that performs the functions of a Central Securities Depository as part of the US National Market System. DTC manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible." DTC annually settles transactions worth hundreds of trillions of dollars, processes hundreds of millions of book-entry deliveries, and custodies millions of securities issues worth tens of trillions of dollars issued in the United States and over 100 other countries. Since 1999 it has been a subsidiary of the Depository Trust & Clearing Corporation, a securities holding company. |
Be the first to comment on this post