Tesoro Resources Limited’s (ASX: TSO, OTCQB: TSORF) shares are now quoted on the OTCQB, a U.S. trading platform that is operated by OTC Markets Group Inc. in New York, United States.
The company’s symbol on the OTCQB is TSORF and trading commenced on 6 January 2022. Investors can access further information in relation to the company’s OTCQB quotation via https://www.otcmarkets.com/stock/TSORF/overview.
The OTCQB Venture Market offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To qualify for OTCQB, companies must meet high financial and securities reporting standards, pass a bid test, and undergo annual verification.
Tesoro Managing Director, Zeff Reeves, said as a verified market with access for U.S. investors, OTCQB helps companies build shareholder value, achieve liquidity and a fair valuation. It will also enable the Company to expand its awareness and broaden its range of potential investors into the North American market, where operating in Chile is more widely understood.
“With our exciting exploration and development programs underway at the El Zorro Gold Project in Chile, Tesoro has received a significant increase of interest from investors based in North America,” Mr Reeves said.
“An OTCQB quotation allows for North American investors to easily buy Tesoro shares in their own time zone and currency.
“We look forward to keeping all investors updated in what promises to be an exciting 2022 for the company.”
The company’s primary listing remains on the Australian Securities Exchange (ASX) under the symbol TSO with a secondary quotation on OTCQB under the symbol TSORF.
The company has confirmed that the OTCQB quotation does not impose any material additional compliance or regulatory standards over the company’s ASX listing.
The company has further confirmed that no shares are being issued to facilitate to the OTCQB quotation. Viriathus Capital LLC acted as the company’s OTCQB advisor and B.Riley Securities, Inc. acted as the company’s OTCQB sponsor.
For further information please visit: https://www.tesororesources.com.au/
