U3O8 Corp. Commences Trading on the OTCQX International in the U.S.
May 08 2012 - 6:45AM
Marketwired Canada
U3O8 Corp. (TSX VENTURE:UWE)(OTCQX:UWEFF), a Canadian-based company focused on
exploration and resource expansion of uranium and associated commodities in
South America, announced that its common shares commenced trading today on the
OTCQX International, the highest tier of the OTC market in the U.S., under the
symbol "UWEFF". U3O8 Corp's common shares will continue to trade on the TSX
Venture Exchange under the symbol "UWE".
"Trading on the OTCQX will help to broaden U3O8 Corp's investor reach by
allowing a large number of U.S. brokers to market our shares and by making it
easier for U.S. investors to trade our stock," said Dr. Richard Spencer, U3O8
Corp's President and CEO. "We benefit from having a premier U.S. trading venue
without the regulatory costs of a traditional U.S. exchange."
INTL Trading, Inc. will serve as U3O8 Corp's Principal American Liaison (PAL)
responsible for providing guidance on OTCQX requirements and U.S. securities
laws.
About U3O8 Corp.
U3O8 Corp. is a Toronto-based exploration company focused on exploration and
resource expansion of uranium and associated commodities in South America - a
promising new frontier for uranium exploration and development. U3O8 Corp. has
one of the most advanced portfolios of uranium projects in the region comprising
mineral resources in Colombia, Guyana and Argentina.
About OTCQX
The OTCQX is the premium tier of the U.S. OTC marketplace and provides
international companies with access to U.S. investors, without the duplicative
regulatory costs required of listing on a traditional U.S. exchange. Only
international companies listed on a qualified foreign exchange that provide
ongoing public disclosure in their home country are eligible for admission on
the OTCQX International. OTCQX companies use the quality-controlled OTCQX
platform to offer investors transparent trading, superior information, and easy
access through their U.S. regulated broker-dealers. OTCQX is currently home to
over 350 global leaders with a combined market capitalization of over $1
trillion. The OTCQX is fully electronic and gives investors access through all
major online and full-service brokerage firms.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of U3O8 Corp., including,
but not limited to, the impact of general economic conditions, industry
conditions, volatility of commodity prices, risks associated with the
uncertainty of exploration results and estimates and that the resource potential
will be achieved on exploration projects, currency fluctuations, legislative
change, dependence upon regulatory approvals, and the uncertainty of obtaining
additional financing, exploration risk and that the listing on the OTCQX will
increase trading in the U.S. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable at the time
of preparation, may prove to be imprecise and, as such, undue reliance should
not be placed on forward-looking statements.
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