KELOWNA,
BC, Aug. 9, 2022 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (the
"Company") announces that its common shares have
qualified to trade on the OTCQB® Venture Market (the
"OTCQB"), and has commenced trading under its existing
symbol of "CTXDF". The Company upgraded to OTCQB from the Pink®
Open Market. The Company's common shares will also continue to
trade on the TSX Venture Exchange under the symbol "CD".
The Company is also pleased to announce that its common shares
are now eligible for electronic clearing and settlement through the
Depository Trust Company in the United
States.
Management believes that this upgrade on the OTCQB will provide
additional liquidity to the Company's shares by allowing U.S.
investors easier trading options. As part of this process,
the Company has undergone a verification and management
certification process. The OTCQB market is recognized by the
U.S. Securities and Exchange Commission as an established public
market and will provide investors who cannot access trading on the
TSX Venture Exchange with alternative access to Cantex's shares
through regulated U.S. broker-dealers.
Signed,
Chad Ulansky
Chad Ulansky
President and CEO
Neither 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 press release.
SOURCE Cantex Mine Development Corp.