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Spey Resources (CSE:SPEY) receives DTC eligibility

Mining
CSE:SPEY
09 August 2021 14:15 (EDT)

Source: Spey Resources

Spey Resources (SPEY) has secured DTC eligibility for its shares traded in the United States under the symbol SPEYF effective August 3, 2021.

The DTC will facilitate the electronic settlement of transfers of its common shares in the United States.

In addition, the company announces that its common shares are eligible for trading on the OTCQB Venture Market. The company’s U.S. listing is trading under the symbol SPEYF. Spey Resources’ common shares will continue to trade on the Canadian Stock Exchange under the ticker symbol SPEY.

Nader Vatanchi, Chief Executive Officer of SPEY commented on Spey’s DTC eligibility.

“We are excited to have obtained DTC eligibility as having Spey register its shares with DTC makes the company accessible to all US investors and institutions. This electronic method of clearing securities expedites the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms. We’ve received tremendous interest from U.S. investors and being listed under OTCQB will allow for engagement with them.”

Spey Resources is a Canadian mineral exploration company that holds two option agreements to acquire 100 per cent interest in the Candela II, Pocitos I and II lithium brine projects located in Argentina. Spey also holds an option to acquire a 100 per cent undivided interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.

Spey Resources Corp. (SPEY) is up 2.00 per cent, trading at C$0.255 at 2:15 pm ET.

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