Macarthur Minerals Limited (ASX:MIO) (CVE:MMS) has cleared the final regulatory hurdle for re-listing on the OTCQB and says this is now imminent.
Northland Securities Inc, which acts as the OTCQB Sponsor and Advisor to the company, has confirmed that Financial Industry Regulatory Authority (FINRA) Form 211 has been considered by FINRA.
This form was submitted in line with FINRA Rule 6432 and Rule 15c2-11 under the Securities Exchange Act of 1934 and follows Macarthur’s application to reinstate trading on the OTCQB
It is the final regulatory hurdle that needs to be cleared to enable Northland to initiate a price quotation on OTCQB for Macarthur under the ticker code MMSDF.
“Important quarter for company”
President and executive chairman Cameron McCall said: “This has been an important quarter for the company with many major milestones achieved.
“I would like to thank the board, management and employees for their valuable contributions to the material progress that has been made for the company and its shareholders during the year.
“Macarthur’s many successes in 2020 have been amplified by the fact they have been achieved during the global COVID-19 pandemic.
“With our focus now on the many more successes which need to follow, we are more committed than ever to the successful delivery of the Lake Giles Iron Project.”
The company is set to provide a further announcement to the market confirming the date for the beginning of trade on OTCQB.