The Great Assets
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

The Great Assets

Investing

Cygnus Starts Trading on OTCQB Market

by admin February 15, 2025
February 15, 2025
Cygnus Starts Trading on OTCQB Market

HIGHLIGHTS:

  • Cygnus’ common shares have qualified to trade on the OTCQB ® Venture Market (‘OTCQB’), a U.S. marketplace operated by OTC Markets Group Inc. (the ‘OTC’),
  • Trading commences today under the ticker ‘CYGGF’

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (‘Cygnus’ or the ‘Company’) is pleased to announce that its common shares have qualified to trade on the OTCQB ® Venture Market (‘OTCQB’), a U.S. marketplace operated by OTC Markets Group Inc. (the ‘OTC’), and will commence trading today under the symbol ‘CYGGF’. The common shares of the Company will continue to trade on the ASX and TSX Venture Exchange.

Cygnus Executive Chair David Southam said   : ‘Given the strong outlook for copper, it is an ideal time to trade on the OTCQB. This will help to make the Company accessible to a growing range of U.S. investors and further increase liquidity and visibility in North America.  We have the potential to unlock substantial value with the high-grade resource already defined and the immense upside at the Chibougamau Copper-Gold Project. We have started an aggressive drilling and geophysics program focussed on achieving strong resource growth and testing new targets at a time when the world desperately wants more copper from tier-one locations’.

Trading of Cygnus shares on the OTC imposes no additional compliance or regulatory standards over and above the Company’s existing compliance requirements as an Australian incorporated entity listed on the Australian Securities Exchange and TSX Venture Exchange. OTC trading is non-dilutive to existing Cygnus shareholders, as no new shares are being issued to enable trading on the OTC.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX ® Best Market, the OTCQB ® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through its regulated OTC Link ® Alternative Trading Systems, the company connects a diverse network of broker-dealers that provide liquidity and execution services. The OTC enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for their investors.

The OTCQB is recognized as an ‘established public market’ by the U.S. Securities and Exchange Commission and is a leading market for U.S. and international companies in the entrepreneurial and development stage. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and detailed certification process. The OTCQB quality standards are expected to provide increased transparency and more detail on market depth including greater disclosure of market makers as well as improved liquidity.  As a verified market with efficient access to U.S. investors, OTCQB helps companies build shareholder value with the goal of enhancing liquidity and achieving a fair valuation.

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam
Executive Chair
T: +61 8 6118 1627
E: info@cygnusmetals.com
Ernest Mast
President & Managing Director
T: +1 647 921 0501
E: info@cygnusmetals.com
Media:
Paul Armstrong
Read Corporate
T: +61 8 9388 1474

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

previous post
Mawson Finland Announces Upsize of Brokered Private Placement
next post
Quimbaya Gold Closes Third Tranche and Upsizes Private Placement to $3 Million

Related Posts

Finlay Minerals Receives TSX Venture Exchange Approval for...

May 3, 2025

Silver Crown Royalties Announces Closing of Final Tranche...

April 28, 2025

Google’s Ad Tech Business Faces Uncertainty After Court...

April 18, 2025

Top 5 Small-cap Pharma Stocks in 2025

April 9, 2025

MXR: Extension of Takeover Offer Period

March 7, 2025

Apple Beats on Revenue Despite AI Hiccups and...

January 31, 2025

Trump Revives Tariff Threats Against EU and China,...

January 24, 2025

Zodiac Gold Announces New $1M Financing, and Amends...

February 7, 2025

White House Considers Executive Order to Speed Up...

April 3, 2025

Gold Price Dips, Markets Stay Flat as Fed...

May 8, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Top 11 Countries by Rare Earth Metal Production

      February 27, 2025
    • 2

      Capital One outage drags into Friday afternoon, leaving some customers without deposit access

      January 23, 2025
    • 3

      Altech Batteries LtdCERENERGY Accredited Highest Possible Green Rating

      January 24, 2025
    • 4

      Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

      January 23, 2025
    • 5

      Altech – CERENERGY Accredited Highest Possible Green Rating

      January 24, 2025
    • 6

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 7

      Strategic Alliance with Macmahon to Accelerate Redevelopment of Nifty

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: thegreatassets.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 thegreatassets.com | All Rights Reserved