European Metals Holdings Ltd - mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Appoints Deutsche Bank AG as the depositary bank for the issue of its American Depositary Shares.
The ADSs are expected to start trading on the OTC market as part of the Nasdaq International Designation during July 2021.
Each ADS represents 20 ordinary shares in the company.
"Launching an ADS program in the United States signals a key milestone as we drive development forward at our Cinovec Project and boost visibility among US investors. We will begin an extensive US marketing campaign with the ADSs and Nasdaq International Designation to enable investors to trade the ADS electronically 'commission free' on most retail trading platforms such as Charles Schwab, E-Trade, TD Ameritrade in US dollars, during US trading hours," says Executive Chair Coughlan.
Current stock price: 81.00 pence
Year-to-date change: up 27%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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European Metals Holdings (EMH)