Westmount Energy Limited Westmount commences cross-trading on OTCQB(R) (0138H)
01 Diciembre 2020 - 1:00AM
UK Regulatory
TIDMWTE
RNS Number : 0138H
Westmount Energy Limited
01 December 2020
1(st) December 2020
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Westmount commences cross-trading on the OTCQB(R) Venture
Market, New York
Westmount Energy Limited, the AIM-quoted oil and gas investing
company focused on the Guyana-Suriname Basin, is pleased to
announce that its ordinary shares of no par value each ("Ordinary
Shares") will commence cross-trading today on the OTCQB(R) ("OTCQB
Market") in New York, U.S., under the ticker symbol "WMELF".
The cross-trading facility on the OTCQB Market will allow
Westmount's Ordinary Shares to be traded in US Dollars by
broker-dealers in the United States. Westmount's Ordinary Shares
will continue to trade on the AIM market of the London Stock
Exchange with the ticker symbol "WTE". Westmount is not conducting
any fundraising associated with this initiation of a quotation and
cross-trading on the OTCQB Market.
Westmount is also pleased to announce that the Company's new
corporate presentation can be viewed on or downloaded from its
website at http://www.westmountenergy.com/presentations/ .
Gerard Walsh, Executive Chairman of Westmount, commented:
"Westmount is the only quoted junior company on the AIM market
that can provide investor access to a portfolio of drilling
outcomes on the Canje and Kaieteur blocks, offshore Guyana. We have
been looking at ways to broaden our investor base and we believe
that participation in the OTCQB Market offers a cost effective way
to achieve that objective. We understand that Westmount is the
first AIM-listed E&P investment company to be quoted on this
market. Also, given our investment focus on the Guyana-Suriname
Basin, we are mindful of the substantial Guyanese diaspora living
in the United States, and we are hopeful that this cross-trading
facility provides an additional opportunity for exposure to
exploration drilling outcomes in this prolific basin and the
emerging Guyanese exploration success story."
"Furthermore, we have recently added North American shareholders
to our share register via share exchange transactions with
institutional and private shareholders of JHI Associates Inc.,
which has a 17.5% carried interest in the Canje block, offshore
Guyana. The OTCQB Market provides these existing Westmount
shareholders and potential new North American investors, the
opportunity to trade Westmount shares, in their own time zone and
in U.S. Dollars."
"I would like to thank Galanopoulos & Co. as our securities
law firm sponsor in assisting the Company with this OTCQB Market
submission."
Jonathan Dickson, VP of International Corporate Services at OTC
Markets, said : "We are delighted to welcome Westmount Energy Ltd.
to the OTCQB Market. With its primary listing remaining on London's
AIM, the OTCQB Market's cross trading facility will allow Westmount
to broaden its horizons and provide investors in the United States
with the ability to access the Company's Ordinary Shares in U.S.
dollars and during U.S. market hours.
"The OTCQB Market supports international companies seeking to
strengthen visibility and transparency within the U.S. public
market. Trading on AIM and on the OTCQB Market will enable
Westmount to efficiently build global investor awareness and
provide U.S. investors with a seamless trading facility, enabling
investors to more easily trade through the broker of their choice.
We would like to wish Westmount every success in their future
trading on the OTCQB Market."
For further information, please contact:
Westmount Energy Limited www.westmountenergy.com
David King, Director Tel: +44 (0) 1534 823059
Anita Weaver
Cenkos Securities plc ( Nomad and Broker) Tel: +44 (0) 20 7397 8900
Nicholas Wells/Harry Hargreaves (Corporate Finance)
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX(R) Best
Market, the OTCQB(R) Venture Market and the Pink(R) Open Market for
11,000 U.S. and global securities. Through OTC Link(R) ATS and OTC
Link ECN, the Group connects a diverse network of broker-dealers
that provide liquidity and execution services, enabling investors
to easily trade through the broker of their choice and empower
companies to improve the quality of information available for
investors.
To learn more about how OTC Markets create better informed and
more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ALSKKKBDCBDDODN
(END) Dow Jones Newswires
December 01, 2020 02:00 ET (07:00 GMT)
Westmount Energy (LSE:WTE)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Westmount Energy (LSE:WTE)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024