US Trading Starts Today Poydras Gaming Finance to start trading on OTCQX today
Poydras Gaming Finance Corp (3) (C:PYD)
Shares Issued 34,548,927
Last Close 10/11/2016 $0.76
Wednesday October 12 2016 - News Release
Mr. Peter Macy reports
POYDRAS GAMING FINANCE CORP. COMMENCES TRADING ON THE OTCQX MARKET IN THE UNITED STATES
Poydras Gaming Finance Corp.'s common shares will begin trading today on the OTCQX Best Market under the symbol PYDGF. Poydras's common shares will continue to be listed on the TSX Venture Exchange under the symbol PYD.
McMillan LLP will serve as Poydras's principal American liaison (PAL) on OTCQX and will be responsible for providing guidance on OTCQX requirements and compliance with U.S. securities regulations.
"With our operations in the United States, we believe that trading there is a natural fit and that upgrading to OTCQX will further broaden our shareholder base with increased ease of access to our shares for U.S.-based investors," said Peter Macy, chief executive officer of Poydras. "We are pleased to have our company's shares qualify to trade on OTCQX, and as we embark upon our next stage of growth I look forward to increased outreach to U.S.-based investors."
The OTCQX International, a segment of the OTCQX Market, is reserved for high-quality non-U.S.-domiciled companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and real-time Level II quotes for the company on the OTC website.
Poydras Gaming is a regional slot route operator with approximately 2,500 revenue-generating gaming machines across 25 casinos in Oklahoma and Texas. The company provides slot machines and related capital expenditures under short- and long-term contracts for existing casinos, new casino developments and gaming machine suppliers in the United States.