Quadro Announces DTC Eligibility for OTCQB Listing
Quadro Announces DTC Eligibility for OTCQB
Listing
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2020) -
Quadro Resources Ltd.
(TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company")
is pleased to
announce that it has secured DTC eligibility by The Depository Trust Company ("DTC") for electronic
settlement and transfer of its common shares in the United States. The Company's common shares are
trading on the OTC Markets Group's OTCQB Venture Market in the United States under the symbol
"QDROF" and will continue to trade on the TSX Venture Exchange ("TSXV") under the symbol "QRO" as
well as the Frankfurt Stock Exchange under the symbol "G4O2".
DTC is a subsidiary of the Depository Trust & Clearing Corporation 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." This reduces costs and accelerates the
settlement process for investors and brokers, allowing the stock to be traded over a much wider
selection of brokerage firms by coming into compliance with their requirements.
About Quadro Resources -
Quadro is a publicly traded mineral exploration company. It is led by an
experienced and successful management team and is focused on exploring for gold and PGE in North
America. Quadro has approximately 50 million shares outstanding. The Company's shares trade on the
TSX Venture Exchange under the symbol "QRO". Quadro owns a 100% interest in the Staghorn and
Conche properties and has an option to earn a 100% interest in the Long Lake property in
Newfoundland and an option to earn a 70% interest in the Seagull Lake property in Ontario.
On behalf of the board of directors,
Quadro Resources Ltd.
"T. Barry Coughlan"
President and CEO
Tel (778) 373-6734
Tel (604) 644-9561
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release." The information contained herein contains "forward-looking statements" within the meaning
of applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements." Forward-looking statements are subject to a variety of risks and
uncertainties that could cause actual events or results to differ from those reflected in the forward-
looking statements. Investors are cautioned against attributing undue certainty to forward-looking
statements. These forward-looking statements are made as of the date hereof and the Company does
not assume any obligation to update or revise them to reflect new events or circumstances. Actual
events or results could differ materially from the Company's expectations or projections." For more
information on the Company, interested parties should review the Company's filings that are available
at
www.sedar.com
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/63705