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Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Says that its shares have been approved to trade on the OTCQB Venture Market in the US, and will start trading on the stock market at the open on Friday, under the symbol "GMTLF". Adds that this will not affect trading of the company's ordinary shares on AIM, which will continue under the symbol "GMET". No new ordinary shares have been issued through this process.
Says that trading on the OTCQB offers enhanced investor benefits in the form of easier trading access for investors, and potentially greater liquidity due to a broader geographic pool of potential investors.
Chief Executive Officer Oliver Friesen says: "We at Golden Metal... understand the strategic importance of our asset as the US actively looks to reduce its reliance on unfriendly countries for key input metals, hence the reason for the admission to trading completed today."
Current stock price: 8.84 pence, up 4.0% in London on Friday
12-month change: up 8.7%
By Holly Beveridge, Alliance News reporter
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