Lotus Resources has announced its secondary listing onto the OTCQB (OTC) market in the United States has been completed and trading commenced.
The Company’s ticker symbol on the OTC is LTSRF.
Trading of Lotus shares on the OTC is aimed at enhancing the visibility and accessibility of the Company to North American investors, with the listing allowing potential North American investors to both trade and settle during US trading hours in US dollars.
The OTC is an established trading platform, operated by OTC Markets Group in New York, providing live-market trading in companies which hold primary listings in other markets.
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Trading of Lotus shares on the OTC imposes no additional compliance or regulatory standards over and above the Company’s existing compliance requirements as an Australian incorporated entity listed on the Australian Securities Exchange. OTC trading is non-dilutive to existing Lotus shareholders, as no new shares are being issued to enable trading on the OTC.