SYDNEY, September 27, 2023 – Challenger Gold (ASX: CEL), hereinafter referred to as "CEL" or "the Company," is thrilled to announce that as of Tuesday, 26 September 2023, it has officially commenced trading on the esteemed OTCQB Venture Market (OTCQB).
Highlights of the Announcement:
- CEL has begun trading under the ticker code CLLEF.
- Trading on the OTCQB offers more streamlined access for US investors.
- CEL anticipates that the additional trading avenue on the OTCQB will usher in enhanced liquidity opportunities for all its investors.
- The OTCQB is a well-respected, transparent trading platform based in the United States, operated by the OTC Markets Group in New York.
- Recognized as a top-tier marketplace, the OTCQB is home to both US and global companies in their entrepreneurial and developmental stages, dedicated to facilitating trading and providing crucial information to US investors.
By extending its trading horizons to the OTCQB, Challenger Gold aims to tap into a vast network of US-based investors, foster deeper connections with investor relations professionals, and gain better visibility across various media platforms in the region.
The decision to cross-trade the Company's ordinary shares on the OTCQB is expected to bring a plethora of advantages for the investor community. Notably, it will:
- 1. Offer more convenient trading access in the US.
- 2. Boost liquidity.
- 3. Broaden the investor base by reaching out to a diverse and more sophisticated cohort of potential investors across various geographies.
- 4. Augment the Company's positioning, making it more accessible to a vast network of US investors, media relations partners, and data distributors.
Commenting on the commencement of trading on the OTCQB, CEL Managing Director, Mr Kris Knauer, said
“We are delighted to begin trading on the OTCQB. We believe this will help increase our visibility and accessibility to a broader audience and diversify the share register into international markets as we continue to focus on our Hualilan Gold Project."
Challenger Gold Limited’s (ASX: CEL) aspiration is to become a globally significant gold producer. The Company is developing two complementary gold/copper projects in South America with the Company's flagship Hualilan Gold Project in San Juan, Argentina containing resources of 2.8 million ounces gold equivalent.