SYDNEY: Hot Chili Limited (ASX:HCH), an Australia-based mineral exploration company, introduced that its application to join the US-based OTCQX market has been accepted and the Company’s shares will commence buying and selling inside the US on the OTCQX Best Market under the ticker OTCQX: HHLKF on 7 April 2022.
The OTCQX Best Market is the highest tier of OTC Markets Group’s market platforms, on which 12,000 US and worldwide securities trade. The OTCQX Market is designed for established, investor-focused U.S. and worldwide companies. To qualify, companies should meet excessive monetary standards, follow best practice company governance, and demonstrate compliance with relevant securities laws.
Hot Chili Limited has upgraded to OTCQX from the OTCQB Venture Market the place it has been buying and selling since 6 May 2021. By upgrading to the OTCQX the Company is positioned to improve its visibility and broaden its entry to the extensive market of US retail, excessive net worth and institutional investors.
The primary advantages to North American investors of the Company’s inclusion on the OTCQX platform include:
• It permits buying and selling of HCH securities inside the native time zone; interesting to investors and brokers preferring securities that commerce and settle throughout US buying and selling hours.
• Trades and settlements are conducted in US Dollars with no exchange rate risk or additional FX fees.
The Company’s shares will proceed to commerce on the Australian Securities Exchange and the TSX Venture Exchange under the image HCH, with its shares now additionally tradeable on the OTCQX market (www.otcmarkets.com).
Christian Easterday, Managing Director Hot Chili, commented: “We are delighted to be moving as much as OTCQX, as we ship the subsequent level of growth. An improve to OTCQX is a logical subsequent step for Hot Chili. This designation is OTC Market’s top tier and a step towards greater liquidity and support to our active North American investor outreach.”
Hot Chili is developing the large-scale Costa Fuego Project – a copper hub comprising the Cortadera, Productora and San Antonio deposits, all of which have up to date Mineral Resource Estimates (MRE) and lie proximal to each other at low-altitude elevations (800m to 1,000m), 600km north of Santiago and inside 50km of port, making it one of many lowest altitude main developments inside the Americas.