(TheNewswire)
OTCQB listing is the next step in the Company’s U.S. listing strategy
Common shares will trade on OTCQB under the symbol ‘DCTIF’ effective January 19, 2022
Calgary, Alberta - TheNewswire - January 21, 2022 - Delta CleanTech Inc. (“Delta” or the “Company”) (CSE:DELT) (CNSX:DELT.CN) (FRA:66C) (OTC:DCTIF) is pleased to announce that it has received approval for trading its common shares on the OTCQB Market (the “OTCQB”) under the symbol DCTIF, effective January 19, 2022. The Company’s common shares will continue to trade on the CSE under the symbol “DELT” and on the Frankfurt Stock Exchange under the symbol “66C”.
Delta’s President, Jeff Allison, stated: “Delta’s U.S. listing and trading on the OTCQB is an important step allowing U.S. investors to participate in investing and accelerating our Company’s growth. The OTCQB platform will increase Delta’s U.S. shareholder profile facilitating a more diverse group of investors that want to participate in global CO2 capture and mitigation and carbon credit origination, aggregation and streaming.”
The OTCQB is operated by OTC Markets Group in New York and is designed for developing entrepreneurial companies in the United States and abroad. Listing requirements on the OTCQB, require that companies be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. The compliance and quality standards of the OTCQB provides investors improved visibility to enhance trading decisions. The OTCQB is recognized by the United States Securities and Exchange Commission as an established public market.
Delta intends to expeditiously pursue a listing upgrade to the OTCQX Market.
Mr. Allison further commented: “Delta has expanded its business development opportunities in the United States with the opening of its new business development office in Houston, Texas. The visibility of the OTCQB listing will compliment the commercial expansion and strengthen Delta’s business development in the United States.”
The US Government under the Biden Administration have announced “carrot and stick” penalties and incentives applied to US based emitters. Many governments worldwide, including Canada’s, have recently confirmed support for Carbon Taxation, this year increasing to $ 50.00/tonne and will rise to $170.00/tonne by 2030. This taxation will put a large financial burden on corporations if they do not reduce their CO2 emissions.
Corporate commitments to Environmental, Social and Governance (ESG) (a public commitment to adopting environmental strategies and publicly committed key metrics to reduce their environmental footprint) and Identity Preserved Waste (IPWTM) (liability management for all business aspects, particularly liquid solvents) is becoming and will be the new norm for all corporations. Failure to meet these standards may disqualify corporations from obtaining investments by large pension and socially responsible investment funds and will likely not meet many shareholder governance expectations. There are expectations set by and for investors, (particularly in North America and Europe) that these corporations will meet their “Net Zero” commitments.
Corporations are looking for CO2 capture technology that is commercial and not a “science experiment”. CO2 emitters want to act with confidence that the capture plant they are ordering will deliver CO2 in amounts and purity as designed.
Lastly, there has been substantial growth in new technologies that produce commercial products utilizing CO2. Some of the more promising technologies include; carbon nanotubes, graphene, CO2infused concrete and ethanol/methanol. Companies producing these products have been featured at the Alberta Carbon Capture Technology Centre (ACCTC) XPRIZE competition.
In conclusion, listing Delta on a US exchange provides investors with the opportunity to benefit from the strong commercial momentum around CO2 capture and mitigation.
About Delta CleanTech Inc.
Delta CleanTech Inc. is a 15-year ESG-driven, recognized global technology leader in CO2 Capture, Decarbonization of Energy, Solvent & Glycol Reclamation, Blue Hydrogen Production, and Carbon Credit Aggregation and Management. Delta continues to provide solutions to clients all over the world in sequestering, capturing, and reducing CO2 while producing high quality tradeable Carbon Credits.
For more information contact:
Jeff Allison, President
Phone: 306‐352-6132
Cell: 306-530-6025
E‐mail: jallison@deltacleantech.ca
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which are based upon Delta’s current internal expectations, estimates, projections, assumptions and beliefs and views of future events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. Specifically, this news release contains forward looking information relating to trading of the Company’s common shares on the CSE, the Company's engagement with investors going forward, among others.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Delta CleanTech Inc. (OTCQB: DCTIF) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.
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