Wildcat Cleared for US Trading and Applies to become DTC Eligible on US Markets
July 25, 2016 / TheNewswire / Vancouver, British Columbia: Wildcat Exploration Ltd., ("the Company or Wildcat"), (TSX-V: WEL, OTCPINK: WCTXF) announces that the US Financial Industry Regulatory Authority ("FINRA") has cleared Wildcat's common share request for trading on the OTC Pink Sheets. Wildcat's common shares are eligible for quotation on the OTC Pink Markets (known as the "Pink Sheets"). The OTC Pink Sheet marketplace offers trading in a wide spectrum of equity securities in the United States. In the US Wildcat is quoted as WCTXF with CUSIP No. 96809P501.
The Company also reports that it has applied to the Underwriting Department at the Depository Trust Company to become "DTC" full service eligible, which will allow for electronic trading. DTC is a subsidiary of the Depository Trust & Clearing Corporation 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 ability to have the Company's shares electronically transferred between brokerages in the United States is significantly more convenient and reduces the costs incurred in trading shares.
When shares are able to trade electronically, existing investors benefit from greater liquidity and execution speeds, while opening the door to new investors that may have been previously been restricted from the Company's shares.
About Wildcat Exploration Ltd: http://www.wildcat.ca
Wildcat Exploration Ltd. is an exploration stage company. The Company is engaged in the acquisition and exploration of resource properties. The Company currently holds interests in resource properties in the province of Manitoba.
On Behalf of the Board of Directors
Harry Barr, Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this news release.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions such as Exchange approval of the Option Agreement and the Financing and the Company's ability to exercise the Option or close the Financing, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.
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