Southern Sun Minerals Inc. Cleared for US Trading and DTC Eligble on US Markets
18.01.2016 | The Newswire
Vancouver / TheNewswire / January 18, 2016 – Southern Sun Minerals Inc. (“Southern Sun”) (TSX.V: SSI, OTC Pink: SSMLF), announces that the US Financial Industry Regulatory Authority (“FINRA”) has cleared Southern Sun’s common share request for trading on the OTC Pink marketplace. Southern Sun’s common shares are eligible for quotation on the OTC Pink markets. The OTC Pink marketplace offers trading in a wide spectrum of equity securities in the United States.The Company also reports that the Underwriting Department at the Depository Trust Company has confirmed that Southern Sun is now "DTC" full service eligible, allowing for electronic trading. DTC is a subsidiary of the Depository Trust & Clearing Corporation DTCC, 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." In the US Southern Sun is quoted as SSMLF with CUSIP No. 84400A107.
The ability to have the Company’s shares electronically transferred between brokerages in the United States is significantly more convenient and reduces the costs incurred in trading shares.
When shares are able to trade electronically, existing investors benefit from greater liquidity and execution speeds, while opening the door to new investors that may have been previously been restricted from the Company’s shares.
On Behalf of the Board of Directors
Harry Barr
Chairman & CEO
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.
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