10th April 2024
Power Metal Resources
plc
("Power Metal" or the
"Company")
Admission to trading on OTCQB
Market
Power Metal to be admitted to
trading on the OTCQB Venture Market on 10th April
2024
Power Metal Resources plc (AIM:POW,
OTCQB:POWMD), the London listed exploration
company with a global project portfolio, is pleased to
announce that its ordinary shares of 2 pence each ("Ordinary
Shares") have been approved to trade on the OTCQB Venture Market
("OTCQB") in the United States ("U.S.") and will commence trading
on 10th April 2024, initially under the symbol "POWMD"
before reverting back to "POWMF" on or around 23rd April
2024.
Trading of the Company's Ordinary Shares on AIM
will continue under the symbol "POW", and no new Ordinary Shares
have been issued through this process. The Company will continue to
make all announcements and disclosures to the London Stock Exchange
through the Regulatory News Service and is not subject to any
Sarbanes-Oxley or U.S. Securities and Exchange Commission reporting
requirements.
Trading on the OTCQB offers enhanced investor
benefits in the form of easier trading access for investors located
in the U.S. and potentially greater liquidity due to a broader
geographic pool of potential investors. Through trading on the
OTCQB, Power Metal will be able to engage with a network of U.S.
investors ensuring that they have the same level of information and
disclosure available to investors in the United Kingdom, but
through U.S.-facing platforms and portals. In addition, the OTCQB
trading facility will provide U.S. based investors with the ability
to access the Company's Ordinary Shares in U.S. dollars during U.S.
market hours.
Sean Wade, CEO of Power Metal,
commented:
"I am very
pleased to announce this major development in our relationship with
the international capital markets. We have significant interest in
our shares from North American investors, and the admission to
trading on OTCQB will make it considerably easier for them to
invest.
We see this
as an important step in expanding our investor base and by so
doing, adding value to all our shareholders."
For further information visit
www.powermetalresources.com
or contact the following:
For further information please
visit https://www.powermetalresources.com/ or
contact:
Power Metal Resources plc
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Sean Wade (Chief Executive
Officer)
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+44 (0) 20 3778 1396
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SP Angel Corporate Finance (Nomad
and Joint Broker)
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Ewan Leggat/Caroline Rowe
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+44 (0) 20 3470 0470
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SI Capital Limited (Joint
Broker)
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Nick Emerson
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+44 (0) 1483 413 500
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First Equity Limited (Joint
Broker)
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David Cockbill/Jason
Robertson
BlytheRay (PR Advisors)
Tim Blythe/Megan Ray
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+44 (0) 20 7330 1883
+44 (0) 20 7138 3204
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