First Class Metals plc aims to attract investors in the USA by applying to list on the OTCID* basic market as an international reporting company.
The application, expected to complete in around six to eight weeks, follows the company’s $10.64 million land use agreement in July for its Kerrs gold property in Ontario, Canada.
“The strong level of interest generated following our recent strategic corporate transaction has highlighted the importance of broadening access to the company’s shares for North American investors,” said executive chairman James Knowles.
“With our portfolio of gold and critical metals projects located in Ontario, Canada, an OTCID listing is a logical next step that will make it easier for North American investors to invest in First Class Metals and increase our profile in a key market.”
First Class continues to trade on the London Stock Exchange.
*over-the-counter international designation market