88 Energy Commences Trading on the US OTCQB

Source: www.gulfoilandgas.com 1/21/2022, Location: North America

• Official quotation and trading on to the US OTCQB market from 19 January 2022, code: EEENF
• Delivers North American investors enhanced accessibility and liquidity in 88 Energy trading
• B.Riley FBR Inc appointed as OTCQB Sponsor
• Depositary Trust Company (DTC) eligibility application in progress

88 Energy Limited is pleased to advise that its application to join the OTCQB Market in the United States has been accepted and the Company’s shares are now listed for trading under the code EEENF. The OTCQB Venture Market is for entrepreneurial and development stage US and international companies.

The Company's primary listing will continue to be the Australian Securities Exchange (ASX), with its secondary listing on the AIM market of the London Stock Exchange (AIM) in the United Kingdom also retained.

The OTCQB Market has robust financial reporting and corporate governance requirements. All these requirements are effectively satisfied by 88 Energy through its ongoing compliance with ASX Listing Rules and the AIM Rules.

88 Energy sought OTCQB quotation to provide North American investors with enhanced accessibility and liquidity in trading of the Company’s shares. The quotation delivers 88 Energy access to one of the largest investment markets in the world at relatively nominal cost (compared to traditional major exchanges) and with practically no additional compliance requirements.

No new shares in the Company are being issued in connection with commencement of trading on the OTCQB Market. Existing ordinary shares of 88 Energy may now also be traded on the OTCQB Market and investors can find real-time quotes and market information on the OTC Markets website (www.otcmarkets.com/stock/EEENF/overview).

The Company is in the process of applying to the Depository Trust Company (DTC) for DTC eligibility, which essentially facilitates the trading of securities by individual investors that use self-managed online broking accounts (such as TD Ameritrade and E-Trade), as opposed to trading through full-service brokers. Pending DTC eligibility, trading of the shares is implemented by brokers acting as market makers.

88 Energy has appointed B.Riley FBR Inc as its OTCQB Sponsor for the purposes of this market making. A list of other brokers operating on the OTC Markets is available from the following link: https://www.otcmarkets.com/otc-link/broker-dealer-directory.

Norway >>  5/20/2022 - Equinor announced on 9 February 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.20 for fourth quarter...
Norway >>  5/19/2022 - Reference is made to the Norwegian Energy Company ASA ("Noreco" or the "Company") convertible bond loan with ISIN NO 0010851520 (the "NOR13 Bonds") is...

Tanzania >>  5/19/2022 - Orca Energy Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share (“C...
United States >>  5/19/2022 - KBR announced its Board of Directors has declared a regular quarterly dividend of $0.12 per share on the company's common stock, par value $0.001 per ...

United States >>  5/19/2022 - Halliburton Company announced that at its annual meeting of shareholders held in Houston, Texas, on May 18, 2022, the shareholders elected all eleven ...
Gabon >>  5/18/2022 - VAALCO Energy Inc. announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending (“RBL”) facility wit...

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.