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Theta Gold Mines dual lists shares in US-based OTCQB market

The US dual listing broadens exposure to Theta’s near-production gold assets to the global investment community.

Theta Gold Mines Ltd - Theta Gold Mines dual lists shares in US-based OTCQB market
An investor relations firm has been engaged in the US to grow awareness

Theta Gold Mines Ltd (ASX:TGM) has listed on the US OTCQB market overnight under the ticker of  TGMGF.

The OTCQB listing allows North American investors appropriate accessibility and liquidity to invest in the company. 

It provides Theta with access to one of the largest investment markets in the world at nominal cost, with no additional compliance requirements, compared to traditional major exchanges. 

The OTCQB® Venture Market is for early-stage and developing US and international companies.

To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.

Dual listing at critical stage for Theta

Theta gold’s chairman Bill Guy said: “An OTCQB listing provides Theta Gold with access to the world’s largest investment market. 

“Key South African gold miners including Harmony, Sibanye and Anglogold Ashanti all have US main board listing status. 

“Theta Gold is at a critical stage of its development and we are excited to be broadening our exposure in the global investment community. 

“Joining the OTCQB market will be matched with an active investor engagement program, to ensure our investment attractions and growth prospects are highlighted with new investors.”

No new shares issued for dual-listing

No new shares in the company are being issued in connection with the listing on the OTCQB market.

Existing ordinary shares of Theta Gold may now also be traded on the OTCQB Market

Theta is also in the process of applying for Depository Trust Clearing (DTC) eligibility, which essentially facilitates electronic trading of securities by individual investors that use online broking as opposed to full-service brokers.

Proactive caught up with Theta back in August for an update.

Quick facts: Theta Gold Mines Ltd

Price: 0.31 AUD

Market: ASX
Market Cap: $136.99 m

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