Chlormet to trade OTC in U.S., gains DTC eligibility
2015-07-16 09:38 ET - News Release
Mr. Yari Nieken reports
CHLORMET ANNOUNCES DTC ELIGIBILITY
Chlormet Technologies Inc. has qualified to trade on the over-the-counter marketplace under the symbol "CHLMF." Additionally, the company is eligible for book entry delivery and depository services of the Depository Trust Company (DTC) to facilitate electronic settlement of transfers of its common shares in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
The DTC is a subsidiary of the Depository Trust and Clearing Corp. (DTCC), and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC eligible.
The website has been updated as well.