Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce that effective January 17, 2017 it has secured Depository Trust Company (“DTC”) eligibility for its common shares listed on the OTCQB Market.
“Being DTC Eligible makes us accessible to an even broader range of investors and is expected to assist with our goal of increasing the liquidity and convenience of trading our shares within the US.” said Tyler Rice, President and CEO.
DTC eligible securities are eligible to be traded and settled electronically in the US, allowing faster and more efficient settlement of trades through broker-dealers. As previously announced by OTC Markets Group on December 1, 2016, Margaux’s shares are qualified to trade in the U.S. on the OTCQB market under the symbol “MARFF.” This electronic method of clearing securities accelerates the receipt of stock and cash, and thus streamlines the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
The DTC is one of the world’s largest securities depositories. The DTC, founded in 1973 and based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic record keeping of securities balances, holding over thirty-five trillion dollars’ worth of securities on deposit. While there is no requirement that any security be held at DTC to trade, many brokerage firms and issuers want to take advantage of the efficiencies and costs benefits that DTC offers. In contrast many stock exchanges require DTC eligibility prior to listing of a security.
About Margaux Resources Ltd.: Margaux is a publicly traded mineral exploration company focused on the exploration and development of the previously producing properties in the Kootenay Arc located in southeastern British Columbia, including the Jersey-Emerald, Jackpot/Oxide, Sheep Creek and Bayonne properties, on which Margaux has options. The Company is directed by a group of highly successful Canadian businessmen with proven track records. Margaux trades on the TSX Venture Exchange under the symbol MRL and on the OTCQB under the symbol MARFF.
Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: statements pertaining to the liquidity of the Company’s common shares in the United States of America, as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Margaux Resources Ltd.
CEO and a Director