- Global Helium Corp has received approval to trade on the US OTC Markets under the new symbol HECOF
- Global Helium has also received confirmation that the company’s common shares are now eligible to be electronically cleared and settled through the DTC
- Trading on the OTC Market will allow Global to reach a broader investment audience
- DTC eligibility accelerates the settlement process for investors
- Global Helium is an exploration stage company focused on the exploration, development, and production of helium
- Global Helium Corp. (HECO) is currently trading at C$1.15 per share
Global Helium (HECO) has received approval to trade on the US OTC Markets under the new symbol HECOF.
The new symbol better reflects the company’s CSE symbol, HECO.
Global Helium has also received confirmation that the company’s common shares are now eligible to be electronically cleared and settled through the DTC. This electronic method of clearing securities offers a more efficient, lower-cost settlement process for investors and brokers.
Wes Siemens, Global’s President commented on the news.
“We are pleased to have obtained DTC eligibility and we view trading on the OTC Market as an important step for Global to reach a broad and diverse audience with our story and to complement our existing investor base.
We already have a large US investor base and today’s news is an important milestone to strengthen our market presence. This will lead to greater liquidity as well as our shares becoming more accessible to a broader range of investors.”
DTC is a subsidiary of the Depository Trust and Clearing Corporation, a United States company that manages the electronic clearing and settlement of publicly-traded companies. DTC eligibility incorporates an electronic method of clearing securities that speed the receipt of stock and cash, and thus accelerates the settlement process for certain investors. DTC eligibility simplifies the process of trading and transferring Global Helium shares between brokerages in the United States.
Global Helium is an exploration stage company focused on the exploration, development, and production of helium.
Global Helium Corp. (HECO) is currently trading at C$1.15 per share.