Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

KWESST Micro Systems says its shares will start trading on OTCQB Venture Market on February 4

% of readers think this story is Fact. Add your two cents.


KWESST Micro Systems Inc (CVE:KWE) announced Tuesday that its common shares have been approved for listing on the OTCQB Venture Market in New York.  

Effective February 4, the company will commence trading on the OTCQB — a US trading platform that is operated by the OTC Markets Group Inc (OTCQX:OTCM) — under ticker symbol KWEMF.

KWESST’s common shares will continue to trade on the TSX Venture Exchange under the symbol KWE. In addition, the company said it has received DTC eligibility by The Depository Trust Company for electronic settlement and transfer of its common shares in the US.

READ: KWESST names former Canadian Chief of Defence Staff General Rick Hillier to lead its new International Advisory Council

“We have a strong concentration of business with military customers in the US, so it makes sense to be listed there,” said KWESST Executive Chairman David Luxton in a statement.

“As well, there is obviously a much larger potential investor base in the US with an appetite for exposure to our kind of business. We expect this will expand our shareholder base and the liquidity of the stock to the benefit of all shareholders.”

The company added that in conjunction with its US listing it has established a wholly-owned US subsidiary and operating facility in Stafford, Virginia (outside Washington, DC) where KWESST systems can be assembled and showcased for US customers.

The OTCQB is the premier marketplace for entrepreneurial and development-stage US and international companies that are committed to providing a high-quality trading and information experience for their US investors.

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 quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. 

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/940351/kwesst-micro-systems-says-its-shares-will-start-trading-on-otcqb-venture-market-on-february-4-940351.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.