OTC Markets Group Welcomes Geodrill Ltd. to OTCQX
18 August 2022 - 1:00PM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for 12,000 U.S. and international securities, today announced
Geodrill Limited (TSX: GEO; OTCQX: GEODF), a leading West African
based drilling company, has qualified to trade on the OTCQX® Best
Market. Geodrill Limited upgraded to OTCQX from the Pink® market.
Geodrill Limited begins trading today on OTCQX under the symbol
“GEODF.” U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home
market reporting to make their information available in the U.S. To
qualify for OTCQX, companies must meet high financial standards,
follow best practice corporate governance and demonstrate
compliance with applicable securities laws.
Dave Harper, Geodrill’s President and CEO, commented, "We are
excited to begin trading on the OTCQX Market. This milestone will
give a greater number of investors the opportunity to invest in
Geodrill and enable participation in our exciting growth story,
where maximization of shareholder value is the primary
consideration.”
B. Riley Securities acted as the company’s OTCQX sponsor.
About Geodrill LimitedGeodrill has been
successful in establishing a leading market position in Ghana,
Burkina Faso and Cote d’Ivoire. The Company also operates in other
African jurisdictions including Mali and Egypt and is expanding its
geographic presence in South America. With the largest fleet of
multi-purpose rigs, Geodrill provides a broad selection of diverse
drilling services, including exploration, delineation, underground
and grade control drilling, to meet the specific needs of its
clients. The Company’s client mix is made up of senior mining,
intermediate and junior exploration companies.
www.geodrill-gh.com.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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