ROCHESTER, N.Y., May 31, 2016 /CNW/ -- Natcore Technology
Inc. (TSX-V: NXT; OTCQB: NTCXF; Frankfurt: 8NT) has reached its first
anniversary as a fully reporting issuer with the U.S. Securities
& Exchange Commission.
Natcore initially became a fully reporting company after filing
an SEC Form F-1 Registration Statement, effective as of
May 26, 2015. The company's
recent filing of Form 20-F brings it current with all of its
required filings.
"This anniversary brings benefits to Natcore's shareholders,
particularly those residing in the U.S.," says Tom Scarpa, Natcore's Senior Vice
President/Investor Relations. "Probably the most tangible of
these is the reduced holding period."
Under SEC rule 144, the holding period for American participants
in a private placement was twelve months. Now that Natcore has
reached its one-year anniversary as a fully reporting issuer, that
holding period is reduced to six months. For Canadian participants,
the holding period is unchanged at four months.
"There is a broader benefit as well," says Scarpa. "This
milestone should strengthen investor confidence in the company,
both among private and institutional investors."
Becoming a fully reporting issuer in the U.S. significantly
expanded Natcore'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. By becoming fully reporting, Natcore created new
opportunities for acquisition of their securities by institutional
investors.
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
585-286-9180
Info@natcoresolar.com
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SOURCE Natcore Technology Inc.