Barton Gold (ASX:BGD) has seen a notable jump in international participation in its share register as awareness of the company begins to spread globally.
The $47.90 million market capitalisation company today (6 November 2023) reports it has secured approval for real-time electronic trading and settlement of its OTCQB listed common shares in the US, via the Depository Trust & Clearing Corporation (DTCC).
As previously reported on 15 August 2023, Barton has established a secondary trading listing on the OTCQB market with the ticker code ‘BGDFF’, with JWTT Inc as its OTCQB sponsor.
The company says being approved for real-time electronic trading of its OTCQB listed common shares in the US enables the company to be traded by a wide range of full service US and online brokers.
The benefits of an OTCQB listing benefits for North American investors include quotation, trade, and settlement in US dollars, trading during normal market hours in North America, and BGDFF are the same class the company’s shares traded on the ASX.
Barton Gold Managing Director Alex Scanlon says the company has also spoken with a number of non-institutional North American investors interested to purchase Barton shares, but who for various reasons cannot easily trade ASX securities.
“We are therefore pleased to provide more convenient OTCQB access to our shares and to secure a DTCC registration opening trade in BGDFF to a broad cross-section of North American full service and online brokers.”
DTCC is a subsidiary of the Depository Trust Company, a US company that manages the electronic clearing and settlement of over $80 trillion of public securities from over 130 countries and territories.
Barton Gold is an ASX, OTCQB, and Frankfurt stock exchange listed gold explorer. The company is focused on its assets located in South Australia.
As of 30 September 2023, the company had $9.295 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Barton Gold