CEYLON ANNOUNCES APPROVAL FOR OTCQB UNDER SYMBOL “CYLYF” VANCOUVER, British Columbia, Dec. 03, 2020 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that its common shares have been approved for trading on the OTCQB Venture Market effective December 3, 2020. The Company’s U.S. listing will trade under the symbol “CYLYF” while the Company’s primary Canadian listing will continue to trade on the TSX Venture Exchange under “CYL”.
The Company’s common shares are eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”). DTC eligibility allows for cost-effective clearing and secure settlement, in turn simplifying and accelerating the settlement process for investors.
Bharat Parashar, Chief Executive Officer of Ceylon said: “We are very pleased to have our US trading status upgraded to OTCQB. This will provide the Company with greater market exposure, increase our visibility within the global investment community, further broaden our shareholder base and increase the volume of our tradable securities.”
https://www.ceylongraphite.com/news/ceylon-announces-approval-for-otcqb-under-symbol-cylyf/