Ms. Luisa Moreno reports
GRAPHANO ENERGY ANNOUNCES TRADING ON OTCQB AND DTC ELIGIBILITY OF ITS COMMON SHARES
Graphano Energy Ltd.'s common shares have qualified to trade on the OTCQB Venture Market and will commence trading on Jan. 19, 2022, 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 the OTC Markets website.
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 who may have been previously restricted from the company's common shares.
About OTC Markets Group Inc.
OTC Markets Group 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 who 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 a Securities and Exchange Commission-regulated alternative trading system, operated by OTC Link LLC, a FINRA (Financial Industry Regulatory Authority)- and Securities and Exchange Commission-registered broker dealer and member of SIPC (Securities Investor Protection Corp).
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 U.S. 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 Ltd.
Graphano is an exploration and development company that is focused on evaluating, acquiring and developing energy metal 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 Quebec, 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.
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