-- Syntholene Energy (ESAF.V) received approval from The Depository Trust Company (DTC) for electronic clearing and settlement of its common shares in the United States, the company said early Friday.
The company's common shares, trading under the ticker symbol "SYNTF" on the OTCQB Venture Market, are now eligible to be electronically cleared and settled through DTC, said the company.
Its common shares will continue to trade on the TSX Venture Exchange under the symbol "ESAF" and on the Frankfurt Stock Exchange under the symbol "3DD0", the company added.
"DTC eligibility represents reduced friction and strengthening of the company's capital markets infrastructure as we expand engagement with U.S. investors," said CEO Dan Sutton. "This milestone supports improved market accessibility and positions Syntholene to broaden its shareholder base as we advance the construction of our Demonstration Facility in Iceland and other development initiatives."
The company's shares were last seen up $0.01 at $0.69 on the TSX Venture Exchange.
Price: $0.69, Change: $+0.01, Percent Change: +1.47%