Graphano Energy
Announces Trading on OTCQB and DTC Eligibility of its Common
Shares
Vancouver, British
Columbia, Canada -- January 19, 2022 -- InvestorsHub NewsWire
-- Graphano Energy
Ltd. (TSXV: GEL, OTCQB: GELEF, FSE: 97G0) (the "Company"
or "Graphano
Energy") is
pleased to announce that its common shares have qualified to trade
on the OTCQB®
Venture Market
("OTCQB")
and will commence trading today under its existing symbol of
"GELEF". The Company upgraded to OTCQB from the
Pink®
Open Market. In addition,
the common shares of the Company will continue to trade on the TSX
Venture Exchange under the symbol "GEL".
The OTCQB is a U.S.
trading platform that is operated by the OTC Markets Group in New
York and is the premier marketplace for early-stage and developing
U.S. and international companies. To be eligible for quotation on
the OTCQB, companies must be current in their reporting and undergo
an annual verification and management certification process.
Companies must also meet a minimum bid price test and other
financial conditions. Recognized by the U.S. Securities and
Exchange Commission as an established public market, the OTCQB
provides investors who cannot access trading on the TSX Venture
Exchange with an alternative access to the Company's shares though
regulated U.S. broker-dealers.
The
Company has chosen to trade on the OTCQB to provide current and
future U.S.-based investors with greater access, ease of trading,
home country disclosure, and current financial disclosures. 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. Investors can find Real-Time
quotes and market information for the Company on www.otcmarkets.com.
The Company is also pleased to announce that its common shares are
now eligible for electronic clearing and settlement through the
Depository Trust Company ("DTC")
in the
United States.
DTC eligibility is
expected to simplify the process of trading and enhance liquidity
of the Company's common shares in the U.S. With DTC eligibility,
existing investors benefit from potentially greater liquidity and
execution speeds, whilst opening the door to new investors that may
have been previously restricted from the Company's common
shares.
About
OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM)
operates the OTCQX®
Best
Market, the OTCQB®
Venture
Market and the Pink®
Open
Market for over 11,000 U.S. and global
securities. Through
its regulated OTC Link®
Alternative Trading
Systems, the company connects a diverse network of broker-dealers
that provide liquidity and execution services. OTC
Markets Group enables
investors to easily trade through the broker of their choice and
empowers companies to improve the quality of information available
for their investors.
OTC Link ATS, OTC Link
ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC
Link LLC, a FINRA and SEC registered broker-dealer, member
SIPC.
To learn
more about how OTC Markets Group creates better informed and more
efficient markets, visit
www.otcmarkets.com.
About
the Depository Trust Company
DTC was founded in 1973
and is a New York corporation that performs the function of a
Central Securities Depository as part of the US National Market
System. DTC manages the electronic clearing and settlement of
publicly traded companies. Securities that are eligible to be
electronically cleared and settled through DTC are considered 'DTC
eligible'.
About
Graphano Energy
Graphano Energy Ltd. is
an exploration and development company that is focused on
evaluating, acquiring, and developing energy metals resources from
exploration to production.
Graphite is one of the
most in-demand technology minerals that is required for a green and
sustainable world. The Company's Lac Aux Bouleaux property in
Québec, Canada, has historically been an active area for natural
graphite. With the demand for graphite growing in some of the most
prominent and cutting-edge industries, such as lithium batteries in
electric cars and other energy storage technologies, Graphano
Energy is developing its project to meet the demands of the
future.
ON BEHALF OF THE BOARD OF
DIRECTORS
Luisa Moreno
Chief Executive Officer
and Director
E:
info@graphano.com
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
release.
Cautionary
Note Regarding Forward-Looking Statements:
This
press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking
information includes, but is not limited to, statements with
respect to the business and
operations of the Company and the Company's ability to execute its
business plan. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Graphano Energy to be
materially different from those expressed or implied by such
forward-looking
information, including but not limited to: receipt of necessary
approvals; general business, economic, competitive, political and
social uncertainties; future mineral prices; accidents, labour
disputes and shortages and other risks of the mining industry.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking
information. Graphano Energy does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
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