Miner EDM Resources seeks US listing to widen investor base Proactive uses images sourced from Shutterstock

EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) has begun the process of seeking a quotation on the OTCQB Venture Market in the United States, as the Nova Scotia-based miner looks to broaden access to American investors and increase trading liquidity.

The company said it has engaged OTC Advisory Services to assist with its application and the regulatory steps required to secure a US quotation for its common shares.

The move comes as EDM advances permitting at its Scotia Mine near Halifax and expands exploration activities in the surrounding region.

Mark Haywood, president and chief executive, described the planned US quotation as a “strategic step forward”.

“Expanding EDM's trading platform into the United States is a strategic step forward,” he said. “A US quotation will broaden investor access, enhance liquidity, and increase our visibility within the North American capital markets.

"As we advance permitting at the Scotia Mine and expand exploration activities, strengthening access to U.S. investors supports our long-term objective of unlocking shareholder value.”

The OTCQB market, operated by OTC Markets Group, is aimed at entrepreneurial and development-stage companies that meet reporting and governance standards.

EDM said the application process will involve the preparation of corporate and financial documentation, coordination of a Form 211 filing with a FINRA-registered market maker and, if approved, steps to obtain eligibility with the Depository Trust Company to enable electronic clearing and settlement in the US.

View Comments