Argo Blockchain PLC Application to the OTCQB Venture Market in the US
December 29 2020 - 7:54AM
InvestorsHub NewsWire
Argo Blockchain PLC Application to the OTCQB Venture Market in the
US
London, 29th December, 2020 -- InvestorsHub NewsWire -- Argo
(LSE: ARB), the leading cryptocurrency miner based in the
UK, is pleased to announce that it has filed an
application with FINRA, the Financial Industry Regulatory
Authority, for the Company's shares to be cross-traded
publicly on the US OTCQB Venture Market ("OTCQB"), under the ticker
ARBKF, which would make Argo's shares more
widely available to North American investors.
Trading on the US OTC market would have no impact on existing
Argo ordinary shares trading on the Main Market of the London Stock
Exchange and no new ordinary shares will be issued as part of the
cross-trade. Argo will continue to rely on the announcements and
disclosures it makes to the London Stock Exchange and will have no
Sarbanes-Oxley or SEC reporting requirements.
Should the application be successful, the cross-trading facility
will be provided through OTC Markets Group Inc., located in New
York. OTC Markets operates the world's largest electronic
interdealer quotation system for US broker dealers and offers
multiple media channels to increase the visibility of OTC-listed
companies. Independent studies show that trading on the OTC by an
international company offers a positive effect on the liquidity of
its shares.
Peter Wall, Chief Executive of Argo Blockchain, said: "We want
to make Argo available to US markets in order to gain access to a
broader investor base and enhance our visibility in North America.
We are already trading on OTCPK and we anticipate a full OTC
listing with wider investor reach in the coming days."
For further information please contact:
Argo Blockchain
|
Peter Wall, Chief Executive
Ian MacLeod, Executive Chairman
|
via Tancredi Tel: +44 203 434 2334
|
Corporate Broker - finnCap Ltd
|
Jonny Franklin-Adams / Kate Washington
(Corporate Finance)
Richard Chambers (Corporate Broking)
|
Tel: +44 20 7220 0500
|
Media Relations - Tancredi Intelligent Communications
|
Salamander Davoudi
Emma Valgimigli
|
salamander@tancredigroup.com
Tel: +44 7957 549 906
emma@tancredigroup.com
Tel: +44 7727 180 873
|
About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB.
argoblockchain.com
See Argo's largest facility in Quebec:
https://youtu.be/LDWWaZ75Zbk
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