Empress Royalty says common shares to commence trading on US OTCQB Venture Market at the open on Friday, February 19

Empress Royalty Corp. (CVE:EMPR) (OTCQB:EMPYF) has said its common shares will commence trading on the OTCQB Venture Market in the United States at the open on Friday, February 19, 2021.

The company will trade under the symbol ‘EMPYF’  in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol ‘EMPR’.

“We are excited to commence trading on the OTCQB Venture Market,” commented Alexandra Woodyer Sherron, CEO and president of Empress in a statement. “Our listing on the OTCQB completes one of our core strategies to expand global awareness of Empress and provides us with exposure to a broader investor community, including United States investors.

“This milestone is an important component of our investor relations strategy to increase Empress’ profile and develop further understanding of our business both within the global financial community and amongst potential mining company partners.”

READ: Empress Royalty Corp hits the ground running, with cash, dealflow and share price strength

The OTCQB Venture Market is for entrepreneurial and development stage US and international companies. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB Venture Market quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

In addition, the company said it is currently preparing to submit an application to the Depository Trust Company (DTC) to have its common shares eligible for delivery and depository services with the DTC to facilitate electronic settlement of transfers of its common shares in the US. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages.

Empress is a new precious metals royalty and streaming creation company with a portfolio of 14 precious metals royalties. It is focused on investing in development and production stage projects providing unique financing solutions for mining companies that require additional non-dilutive capital.

The company has strategic relationships with Endeavour Financial, Terra Capital and Accendo Banco. These relationships allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets.

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Story by ProactiveInvestors