RED BANK, N.J., June 2, 2015 /CNW/ -- Natcore Technology
Inc. (TSX-V: NXT; NTCXF.PK; DAX: 8NT) is pleased to announce
that it has become a fully reporting company with the Securities
and Exchange Commission ("SEC") after filing an SEC Form F-1
Registration Statement, effective as of March 26, 2015.
"This has important implications for Natcore's shareholders,
particularly those residing in the U.S.," says Tom Scarpa, Natcore's Senior Vice
President/Investor Relations. "Management believes that being
a fully-reporting issuer in the United
States significantly expands the company's eligibility for
both analyst coverage and investor interest. Many institutional
investors are unable to acquire the securities of a company that is
not fully reporting with the SEC. The effectiveness of Natcore's
F-1 creates new opportunities for acquisition of its securities by
this new and important category of investor."
As a fully reporting company, Natcore has additional benefits
for shareholders. The company's filings will now be accessible
through the SEC's main website (via the EDGAR system), allowing
investors, the general public, and financial analysts to
extensively review the company's operations and financial
performance. Natcore believes that the added transparency will act
as a catalyst for more interest in the company by the investing
public.
In addition, Natcore has undertaken steps to have its shares
listed on the OTCQB. The OTCQB Marketplace helps investors easily
identify OTC-traded companies that report to the Securities and
Exchange Commission; an additional means of enhancing the company's
visibility as a fully reporting issuer.
Finally, Natcore's status as a fully reporting issuer with the
SEC will make it easier for US investors to sell shares they
acquired in previous private placements conducted by the company
(subject to Natcore maintaining its fully-reporting status for 12
months and the expiration of holding periods applicable to such
shares).
Charles Provini, Natcore's
president and CEO, noted, "We are proud to announce the achievement
of this important milestone in the life of the company. We believe
that this is another indication of our recognition of our duties
and obligations to the owners of Natcore – our loyal
shareholders."
Natcore was organized in August
2007. The company went public in May
2009 on the Toronto Venture Exchange (TSX-V). TSX-V is owned
by the TMX Group, which also owns the Toronto Stock Exchange.
In the United States, Natcore
shares are currently listed on the pink sheets (symbol NTCXF.PK).
In June 2013, the company became
listed on the Quotation Board of the Frankfurt Stock Exchange,
where its symbol is 8NT.
Statements herein other than purely historical factual
information, including statements relating to revenues or profits,
or Natcore's future plans and objectives, or expected sales, cash
flows, and capital expenditures constitute forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in Natcore's business, including risks inherent in the
technology history. There can be no assurance that such
forward-looking statements 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 such statements. Except in accordance with
applicable securities laws, Natcore expressly disclaims any
obligation to update any forward-looking statements or
forward-looking statements that are incorporated by reference
herein.
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.
Contact: Tom Scarpa
732-576-8800
Info@natcoresolar.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/natcore-technology-becomes-fully-reporting-with-sec-300092688.html
SOURCE Natcore Technology Inc.
