Macarthur Minerals (MIO) has cleared the final regulatory hurdle and can now re-list on the OTCQB
The company was notified that its sponsor and advisor, Northland Securities, confirmed Financial Industry Regulation Authority (FINRA) Form 211 has been reviewed
Form 211 must be completed before a company can begin or resume operations on a stock exchange and by completing it has confirmed all applicable requirements have been met
Macarthur first announced its intentions to list on the OTCQB in mid-May, aiming to expand its exposure to over-the-counter (OTC) markets and reach a greater number of U.S. investors
OTC markets allow companies to trade shares directly between investors rather than through a formal exchange such as the ASX or NYSE
The company will provide further details once it has confirmed the date of when it can begin trading
Macarthur is currently steady on the market and shares are trading for 27 cents each
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