OTC Markets Group Welcomes Tornado Global Hydrovacs Ltd. to OTCQX
May 05 2022 - 7:00AM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for 12,000 U.S. and international securities, today announced
Tornado Global Hydrovacs Ltd. (“Tornado” or “The Company”) (TSX-V:
TGH; OTCQX: TGHLF), a company that designs, manufactures, and sells
hydrovac equipment in North America, has qualified to trade on the
OTCQX® Best Market. Tornado Global Hydrovacs Ltd. upgraded to OTCQX
from the Pink® market.
Tornado Global Hydrovacs Ltd. begins trading today on OTCQX
under the symbol “TGHLF.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S. investors.
For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home
market reporting to make their information available in the U.S. To
qualify for OTCQX, companies must meet high financial standards,
follow best practice corporate governance and demonstrate
compliance with applicable securities laws.
“Trading on the OTCQX market is an important step for the
Company as we continue to grow and increase shareholder value,”
said Brett Newton, President and CEO of Tornado. “Trading on OTCQX
will make it easier for U.S. investors to invest in Tornado by
eliminating the requirement for a Canadian trading account and will
also promote greater liquidity for our Shares.”
B. Riley Securities acted as the company’s OTCQX sponsor.
About Tornado Global Hydrovacs Ltd.Tornado is a
pioneer and leader in the vacuum truck industry and has been a
choice of oilfield and utility professionals with over 1,000
hydrovacs sold since 2005. The Company designs and manufactures
hydrovac trucks as well as provides heavy duty truck maintenance
operations in central Alberta. It sells hydrovac trucks to
excavation service providers in the infrastructure and industrial
construction and oil and gas markets. Hydrovac trucks use high
pressure water and vacuum to safely penetrate and cut soil to
expose critical infrastructure for repair and installation without
damage. Hydrovac excavation methods are quickly becoming a standard
in the North America to safely excavate in urban areas and around
critical infrastructure greatly reducing infrastructure damage and
related fatalities. In China, the Company’s subsidiary is used
principally to source certain parts to the Company’s North America
operations.
About OTC Markets Group Inc.OTC Markets Group
Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000
U.S. and international securities. Our data-driven disclosure
standards form the foundation of our three public markets: OTCQX®
Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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