Canada Cobalt Announces U.S. Listing ONOTCQB Venture Marketplace
Canada Cobalt Announces U.S. Listing
ONOTCQB Venture Marketplace
COQUITLAM, BC
,
Sept. 13, 2018
/CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTCQB:
CCWOF) (
Frankfurt
: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that the
OTC Markets Group has approved the upgrade and listing of the Company's common shares on its
OTCQB Venture Market under the symbol "CCWOF" effective today,
September 13
, 2018. The
Company's common shares will continue to trade on the TSX Venture Exchange under the symbol
"CCW".
The OTCQB Venture is the premier marketplace for entrepreneurial and development stage US and
international companies that are committed to providing a high-quality trading and information
experience for their US investors. To be eligible companies must have met a minimum bid price test,
are current in their financial reporting and have undergone an annual verification and management
certification process. These standards provide a strong baseline of transparency, as well as the
technology and regulation to improve the information and trading experience for investors.
US investors can find current financial disclosure and Real-Time Level 2 quotes for the Company at
https://www.otcmarkets.com/stock/CCWOF/quote
.
The Company also reports that it is the process of applying to the Underwriting Department at the
Depository Trust Company to become "DTC" full service eligible, which will allow for electronic
trading. DTC is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages
the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be
electronically cleared and settled through the DTC are considered "DTC eligible."
The ability to have the Company's shares electronically transferred between brokerages in the US is
significantly more convenient and reduces the costs incurred in trading shares.
When shares are able to trade electronically, existing investors benefit from greater liquidity and
execution speeds, while opening the door to new investors that may have been previously been
restricted from the Company's shares.
About Canada Cobalt Works Inc.
Canada Cobalt is a pure play cobalt company focused on its past producing Castle mine in the
Northern Ontario Cobalt Camp,
Canada's
most prolific cobalt district. With underground access at
Castle, a recently installed pilot plant to produce cobalt-rich gravity concentrates on site, and a
proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt
sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically
positioned to become a vertically integrated North American leader in cobalt extraction and recovery.
"Frank J. Basa"
Frank J. Basa
, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such statements.
SOURCE
Canada Cobalt Works Inc.
View original content:
http://www.newswire.ca/en/releases/archive/September2018/13/c5956.html
%SEDAR: 00022378E
For further information:
Frank J. Basa, P.Eng., President and CEO at 1-819-797-4144, or Wayne
Cheveldayoff, Corporate Communications, [email protected], 416-710-2410
CO: Canada Cobalt Works Inc.
CNW 07:30e 13-SEP-18