23rd Oct 2020 08:24
(Alliance News) - African-focused gold producer Pan African Resources PLC on Friday announced it has commenced trading on the OTCQX market in the US.
OTCQX market is the premier tier of the US over-the-counter market that is operated by OTC Markets Group Inc.
Pan African Chief Executive said: "We are pleased to be admitted to the OTCQX Market, which is the highest tier of the OTC market. To qualify, Pan African has complied with the OTCQX Market requirements including high financial standards, corporate governance requirements, and compliance with applicable securities laws. Trading on the OTCQX Market will significantly enhance our visibility and provide better access to US investors."
Pan African shares were up 0.5% at ZAR4.50 each in Johannesburg early Friday, while in London they were up 1.4% at 20.89 pence.
By Greg Roxburgh; [email protected]
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