Lotus Resources Limited (ASX: LOT | OTCQX: LTSRF) has announced its shares have commenced trading on the US-based OTCQX® Best Market, an upgrade from the OTCQB® Venture Market. The company’s OTC ticker symbol remains LTSRF.
Managing director, Keith Bowes, commented, “Lotus has traded on the OTCQB Market since April 2021, and we have found the resulting opportunity to engage with North American investors very beneficial for the company. We are pleased to have met the stricter trading criteria and been upgraded to the OCTQX, the top tier of OTC Markets, and we look forward to seeing increased volumes resulting from a broader base of potential North American investors that can now invest in Lotus.”
The OTCQX Market has higher standards and attracts a wider range of investors. To qualify for the OTCQX Market, companies must, amongst other things, meet a higher set of financial standards, and follow best practice corporate governance, with ongoing disclosure. Due to its more established reputation, stricter compliance requirements, and broader pool of investors, the OTCQX Market generally has higher trading volumes and liquidity than the OTCQB Market.
In addition, the upgrade broadens Lotus’ eligible investor base, and trading on the OTCQX Market provides further exposure to a broader North American investor base.
To find out more, please visit www.lotusresources.com.au
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