Cameo Resources Corp. Achieves DTC Eligibility for
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Posted On: 04/10/2018 9:44:04 AM
Cameo Resources Corp. Achieves DTC Eligibility for Common Shares (CRUUF)
VANCOUVER, British Columbia, April 10, 2018 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7D) (the “Company” or “Cameo Resources”) is pleased to announce it has received approval from the Depository Trust Company (DTC), making the company's shares DTC eligible. Cameo’s shares will continue to trade on the OTCBB under the symbol, CRUUF.
DTC provides depository and book entry services for eligible stocks as well as a settlement system. This means shares can trade electronically. Electronic clearing speeds up the delivery of stock and cash settlements, thereby accelerating trading for investors. DTC is the world's settlement organization for equities across the United States and in 131 other countries. In the United States, DTC handles approximately 1.4 million settlement transactions daily, valued at approximately $600-billion. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.
Akash Patel, Cameo’s president and chief executive officer, said, "The company's listing on the OTCBB, combined with DTC eligibility, provides a simpler, more efficient process for United States and international investors to participate as owners during this exciting growth period for our company."
CAMEO RESOURCES CORP.
“Akash Patel”
Akash Patel
President
For further information, please contact
Akash Patel
President
604-446-6440
Email: akashp006@gmail.com
www.cameoresources.com
VANCOUVER, British Columbia, April 10, 2018 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7D) (the “Company” or “Cameo Resources”) is pleased to announce it has received approval from the Depository Trust Company (DTC), making the company's shares DTC eligible. Cameo’s shares will continue to trade on the OTCBB under the symbol, CRUUF.
DTC provides depository and book entry services for eligible stocks as well as a settlement system. This means shares can trade electronically. Electronic clearing speeds up the delivery of stock and cash settlements, thereby accelerating trading for investors. DTC is the world's settlement organization for equities across the United States and in 131 other countries. In the United States, DTC handles approximately 1.4 million settlement transactions daily, valued at approximately $600-billion. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.
Akash Patel, Cameo’s president and chief executive officer, said, "The company's listing on the OTCBB, combined with DTC eligibility, provides a simpler, more efficient process for United States and international investors to participate as owners during this exciting growth period for our company."
CAMEO RESOURCES CORP.
“Akash Patel”
Akash Patel
President
For further information, please contact
Akash Patel
President
604-446-6440
Email: akashp006@gmail.com
www.cameoresources.com
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