Wednesday , May 22 2024

Bannerman shares upgrade from venture market

The Bannerman Energy shares have commenced trading on the OTCQX® Best Market, having been upgraded to OTCQX from the OTCQB® Venture Market.

OTCQX is the top tier of OTC markets in the US market.

“Bannerman’s upgrade to the OTCQX® Best Market reflects our strategy to introduce the Company to a broader international audience. The more highly regulated financial and corporate governance requirements of the OTCQX are attractive to many larger investors and specialist funds.

“This recognition presents a timely progression for Bannerman, as we progress the Definitive Feasibility Study evaluating the transition of our Etango-8 Project from development to production,” said Brandon Munro, Bannerman Managing Director and Chief Executive Officer.

In addition, the company said approval to trade on the OTCQX is a significant corporate milestone, and appropriately timed ahead of the Etango-8 Definitive Feasibility Study (DFS), scheduled for completion in the December quarter this year.

OTCQX sets a higher financial and corporate governance benchmark for participating companies, and as such creates new opportunities for Bannerman to expand its North American domiciled shareholder base.

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