NEW YORK, September 22, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 US and international securities, today announced that Arianne Phosphate Inc (TSX-V: DAN; OTCQX: DRRSF), a Canadian mineral exploration company, is eligible to trade on the OTCQX® Best Market. Arianne Phosphate Inc. has been upgraded to OTCQX from the Pink® Marketplace.
Arianne Phosphate Inc started trading today on OTCQX under the symbol “DRRSF”. US investors can find current financial disclosure and real-time Level 2 quotes for the company at www.otcmarkets.com.
Upgrading to the OTCQX marketplace is an important step for companies seeking to provide transparent trading to their US investors. For companies listed on an eligible international exchange, Simplified Market Standards enable them to leverage their own local market reports to make their information available in the United States. Securities Laws.
“The importance of the Lac Pool phosphate deposits has grown exponentially with concerns surrounding food inflation and security taking center stage,” said Brian Ostroff, president of Ariane Phosphate. Graduating to OTCQX will allow for greater liquidity and awareness of our company on the part of investors looking for ways to participate in our growth. Furthermore, the ability to use our rare form of phosphate in emerging LFP battery technology has led to increased interest in Arianne from many investors, including those based in the United States, and the OTCQX platform will provide easier access to investing in our company. ”
Troutman Pepper served as a sponsor for OTCQX.
About Ariane Phosphate Company
Arianne Phosphate Inc. was founded in 1997 and develops the Lac à Paul phosphate deposits located north of the Saguenay/Lac St. Jean in Quebec, Canada. The deposit will produce high quality igneous apatite [phosphate] Concentration scores higher than 39% p2a5 It has little or no contaminants, allowing it to be used in both agricultural and battery applications.
About OTC Markets Group Inc.
OTC Markets Group Inc. is operated by (OTCQX: OTCM) Regulated markets for trading 12,000 US and international securities. Data-driven disclosure standards form the basis of our three public markets: OTCQX® Best Market, OTCQB® Venture market and pink® open market.
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