Element79 Gold Corp (OTCMKTS:ELMGF) on April 22, 2022, announced on successfully completingthe filing of Form 211 with the Financial Industry Regulatory Authority of the United States. This will enable the firm’s common stock to list and public quotations on the Over-the-Counter market. Grove Corp. Services Inc will help the firm with preparation as well as filing with FINRA and Glendale Securites Inc. will function as the market maker for the Company.
Market Action
On Friday, ELMGF stock ended flat at $06548 with 850 share, compared to its average volume of 102 shares. The stock moved within a range of $0.6548 – 0.6548 after opening trade at $0.6394.
Element79 Gold Completes Filing of Form 211 with FINRA to Qualify for OTC Listing in the United States of America
FINRA is the US regulator responsible for OTC markets, including the OTCBB, OTCQB, and Pink Sheets. For becoming publicly listed on OTC, a firm must file Form 211 with FINRA covering requirements for commencing electronic quotation of securities on the OTC Markets.
Element79 Gold’s CEO James Tworek said that this is a major logistical step for the firm to complete the filing. Tworek added that the OTC ticker, ELMGF, will be having pricing quoted based on the activity of the primary CSE listing. This gives significant transparency for investors to purchase and research the stock.
A mineral exploration firm focusing on the acquisition, exploration, and development of mining properties, Element79 focuses on mining properties for gold and associated metals. The firm has acquired its flagship Maverick Springs Project in the mining district of northeastern Nevada, USA.
Key Quote
When asked about the announcement, Element79 Gold’s CEO James Tworek said, “This is a significant logistical step for Element79 Gold in that through completing this filing, our OTC ticker – ELMGF – will now have pricing quoted based on the activity of the primary CSE listing, ELEM. This provides greater transparency for investors to research and purchase ELMGF stock.”
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