Toronto, Ontario--(Newsfile Corp. - October 2, 2017) - Advantagewon Oil Corp. (CSE: AOC) (OTC Pink: ANTGF) (the "Corporation", "Advantagewon", "AOC") is pleased to announce that it has commenced the process in getting the Corporation's Common Shares listed onto the OTC Markets OTCQB Stock Exchange.
The Corporation has submitted Form 211 to the Financial Industry Regulatory Authority ("FINRA") in the United States and has been informed by FINRA that the Corporation has demonstrated compliance with FINRA Rule 6432 and that the Corporation may immediately initiate priced quotations on the OTC Markets Pink sheets under the trading symbol "ANTGF". (www.otcmarkets.com/stock/ANTGF).
The Corporation is also currently in the process of applying to the Depository Trust Company ("DTC") in the United States for the purposes of having the Corporation's common shares DTC eligible. If approved, being DTC eligible is expected to greatly simplify the process of trading and exchanging the Corporation's common shares on the OTC Marketplace in the United States. Furthermore, DTC eligibility will remove any restrictions placed upon the Corporation's common shares in the United States as some broker/dealers in the United States have firm-wide policies that prohibit the broker/dealer from trading any shares that are not DTC eligible. The Corporation also announced that it has also appointed, and has retained, Globex Transfer LLC., of Deltona Florida to serve as the Corporation's America based Co-Transfer Agent which is a pre-requirement for DTC and OTCQB eligibility.
Mr. Paul Haber stated: "Management strongly believes that listing the Corporation's common shares onto the OTCQB will enable Advantagewon's story to reach a much larger audience in the USA. Management also strongly feels that an OTCQB listing will provide prospective American based investors increased transparency, while providing our existing American based investors increased liquidity. We see this listing perfectly complementing our existing Canadian Securities Exchange listing and as the next logical step in building world class company for our shareholders. We are optimistic that the Corporation will obtain the OTCQB listing at some point in November."
About Advantagewon Oil Corp.
Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells in the State of Texas. AOC applies specialized expertise to increase oil recovery from 10-15% to up to 75% for each well. Once the enhanced recovery strategy is successfully applied, AOC will repeat the process throughout the oil pool to maximize output and minimize cost and risk. For more information please visit www.aoc-oil.com.
For further information please contact:
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
— 30 —
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact email@example.com