Rush Gold Corp. announced that its common shares have begun trading on the OTCQB Venture Market in the United States under the symbol "RGNCF." The company's shares will continue to trade on the Canadian Securities Exchange under the symbol "RGN." Additionally, Rush Gold has secured eligibility for its common shares to settle electronically via the Depository Trust Company, which is expected to facilitate smoother and more cost-effective transactions through the U.S. clearing system.
The OTCQB is recognized by the U.S. Securities and Exchange Commission as an established public market and is designed for U.S. and international companies in the entrepreneurial and development stage. This listing is anticipated to increase the company's visibility among U.S. investors, improve trading accessibility, and enhance overall liquidity. Anthony Zelen, Director and CEO of Rush Gold, stated that the commencement of trading on the OTCQB represents an important milestone for the company. He noted that, together with its Canadian Securities Exchange and Frankfurt listings, this U.S. listing expands investor access across key global markets.
The U.S. market provides access to a significantly larger investor base, and the OTCQB listing makes it easier for U.S. investors to trade Rush Gold shares. The OTCQB listing aligns with the company's strategy to broaden its global investor reach, improve liquidity, and increase market visibility. Investors can access real-time quotes and market information for Rush Gold Corp. on https://www.otcmarkets.com. The original release can be viewed on https://www.newmediawire.com.
This development is significant as it potentially lowers barriers for U.S. investors interested in the mining sector, particularly those focused on gold and silver exploration. By streamlining the trading process through DTC eligibility, Rush Gold may attract a broader range of institutional and retail investors, which could lead to increased capital inflows and more stable share pricing. For the mining industry, such listings highlight a trend of companies seeking to tap into diverse capital markets to fund exploration and development projects, especially in regions like Nevada, where Rush Gold operates its Skylight and Legal Tender properties.
The implications extend beyond the company itself, as enhanced liquidity and investor access can contribute to more efficient markets and potentially spur economic activity in related sectors. However, investors should note that forward-looking statements in the announcement involve risks and uncertainties, and actual results may differ materially from expectations. The Canadian Securities Exchange has not reviewed the press release and does not accept responsibility for its adequacy or accuracy.
