Maverick Energy Group Ltd (MKGP)

[mike93433]

OTCQB Qualification requirements: It looks like MKGP already has completed most of the requirements

Eligibility Requirements
1. U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)
2. Meet minimum bid price test of $0.01
3. Not be in bankruptcy
4. Have at least 50 Beneficial Shareholders, each owning at least 100 shares
5. Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.
6. Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)
7. Have a transfer agent that participates in the Transfer Agent Verified Share Program (US Companies only)

Reporting Requirements
Meet one of the following Reporting Standards:
-SEC Reporting Standard
-Regulation A Reporting Standard (Tier 2)
-U.S. Bank Reporting Standard
-International Reporting Standard
-Alternative Reporting Standard
-Timely disclosure of material news

Corporate Governance Requirements (Alternative Reporting only)
1. Have a board of directors that includes at least two Independent Directors
2. Have an Audit Committee, a majority of the members of which are Independent Directors

Verification Requirements
1. Maintain a Verified Company Profile
2. Post initial and annual verification and management certification