Avarone Metals Inc. Quoted on OTC Open Market Under Symbol AVRTF
Vancouver, September 29, 2016 - Avarone Metals Inc. (CSE: AVM) (Frankfurt: W2U1; WKN: A14SVX) (the "Company" or "Avarone") announces it has completed its quotation process in the United States, and its common shares are currently trading on the OTC Open Market under the trading symbol "AVRTF". Given the approval from the Financial Industry Regulatory Authority (FINRA), the Company is now proceeding with Depository Trust Company (DTC) eligibility, which, barring any unforeseen delays or concerns with the Company's application, is expected to take approximately 3 to 4 weeks to complete. "Being quoted on the OTC Market increases our access to, and visibility among, retail and institutional investors in the United States. It will also provide additional liquidity for existing shareholders and new investors alike," commented Marc Levy, Chief Executive Officer of Avarone.
The Company's common shares will continue to trade on the Canadian Securities Exchange under the ticker symbol "AVM".
About OTC Markets Group
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About Depository Trust Company
The Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation DTCC, 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". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
On behalf of the Board of Directors,
Marc Levy
Chief Executive Officer
For more information, please contact the Company at:
Telephone: (604) 669-9788
Facsimile: (604) 669-9768
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