IN BRIEF: ACG Metals shares approved for US DTC settlements
ACG Metals Ltd - Tortola, British Virgin Islands-based miner focused on acquiring and consolidating copper assets - Says its class A ordinary shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Co, a subsidiary of the Depository Trust & Clearing Corp. DTC provides the main electronic clearing and settlement infrastructure used by US broker‑dealers, so eligibility allows ACG share transactions to be settled electronically through DTC's book‑entry system, the company explains. Says approval enables US investors and broker‑dealers to more easily trade and settle its shares across a broader range of US brokerage platforms. Says this will simplify the trading process, reduce settlement times and administrative friction, and help to improve its US liquidity. Notes that its shares also remain eligible for electronic clearing and settlement in the UK through Euroclear UK & International Ltd's CREST system. Read More