REG - Power Metal Res. - Admission to trading on OTCQB Market

Power Metal ResourcesAnnouncement

10/04/2024 07:00

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RNS Number : 9133J  Power Metal Resources PLC  10 April 2024

10th April 2024

Power Metal Resources plc

("Power Metal" or the "Company")

Admission to trading on OTCQB Market

Power Metal to be admitted to trading on the OTCQB Venture Market on 10(th)
April 2024

Power Metal Resources plc (AIM:POW, OTCQB:POWMD), the London listed
exploration company with a global project portfolio, is pleased to announce
that its ordinary shares of 2 pence each ("Ordinary Shares") have been
approved to trade on the OTCQB Venture Market ("OTCQB") in the United States
("U.S.") and will commence trading on 10(th) April 2024, initially under the
symbol "POWMD" before reverting back to "POWMF" on or around 23(rd) April
2024.

Trading of the Company's Ordinary Shares on AIM will continue under the symbol
"POW", and no new Ordinary Shares have been issued through this process. The
Company will continue to make all announcements and disclosures to the London
Stock Exchange through the Regulatory News Service and is not subject to any
Sarbanes-Oxley or U.S. Securities and Exchange Commission reporting
requirements.

Trading on the OTCQB offers enhanced investor benefits in the form of easier
trading access for investors located in the U.S. and potentially greater
liquidity due to a broader geographic pool of potential investors. Through
trading on the OTCQB, Power Metal will be able to engage with a network of
U.S. investors ensuring that they have the same level of information and
disclosure available to investors in the United Kingdom, but through
U.S.-facing platforms and portals. In addition, the OTCQB trading facility
will provide U.S. based investors with the ability to access the Company's
Ordinary Shares in U.S. dollars during U.S. market hours.

Sean Wade, CEO of Power Metal, commented:

"I am very pleased to announce this major development in our relationship with
the international capital markets. We have significant interest in our shares
from North American investors, and the admission to trading on OTCQB will make
it considerably easier for them to invest.

We see this as an important step in expanding our investor base and by so
doing, adding value to all our shareholders."

 

For further information visit www.powermetalresources.com
(http://www.powermetalresources.com) or contact the following:

For further information please visit https://www.powermetalresources.com/
(https://www.powermetalresources.com/)  or contact:

 Power Metal Resources plc
 Sean Wade (Chief Executive Officer)                                            +44 (0) 20 3778 1396

 SP Angel Corporate Finance (Nomad and Joint Broker)
 Ewan Leggat/Caroline Rowe                                                      +44 (0) 20 3470 0470

 SI Capital Limited (Joint Broker)
 Nick Emerson                                                                   +44 (0) 1483 413 500

 First Equity Limited (Joint Broker)
 David Cockbill/Jason Robertson                                                 +44 (0) 20 7330 1883

 BlytheRay (PR Advisors)

 Tim Blythe/Megan Ray                                                           +44 (0) 20 7138 3204

 

 

 

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