Market-Place-4.0 Akobo Minerals

21.08.2023

Akobo Minerals - application process to trade on the US based OTC Markets Platform

Akobo Minerals - application process to trade on the US based OTC Markets Platform (credits: Akobo Minerals)

Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announced that it has decided to apply for trading on the OTC Markets platform in the United States.

While Akobo Minerals already has a full listing on two markets in Europe, there are several benefits of having an additional US-based quotation for its shares. The main benefit is having a freely tradeable security with a US ticker symbol and a USD share quote that will enable the Akobo share to become available to all US investors through their broker of choice. Over 12,000 US and global securities are already trading on the OTC Markets platform, including mining companies like Lundin Mining and Endeavour Mining (in addition to some of the largest and most well-known brands such as Adidas, Heineken, Roche, BNP Paribas and Hugo Boss).

A second benefit, as Akobo Minerals is already listed on the Euronext exchange in Oslo and qualifies to trade on the OTC QX Best Market, is that the listing process of securing an OTC cross-trade in the US is simplified without having to do any additional US regulatory or legal work.

Jørgen Evjen, CEO of Akobo Minerals, said: “As the company moves towards gold production from our boutique mine in Ethiopia, we want to ensure that new investors have greater access to trading of our shares. An OTC cross-trade in the US, to supplement our European listing on the Oslo and Frankfurt exchanges, will achieve this.”
Evjen added: “We have seen that there is high interest from investors in mining shares in the US, and I am sure that Akobo Minerals can capitalise on this as we expand our operations in Ethiopia.

Source: Akobo Minerals

#gold #gold mine #stock market #mineral resources #raw materials #Ethiopia (ET) #Sweden (SE) #United States (US) #resources business #economy #Akobo Minerals #Mining

                     

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