ONGold Resources Expands U.S. Market Reach with OTCQB Listing and DTC Eligibility
ONGold Resources Ltd. has announced its common shares are now trading on the OTCQB Venture Marketplace, operated by the OTC Markets Group in New York. The move includes Depository Trust Company (DTC) eligibility, increasing access for U.S. investors.
“Having ONGold now listed on the OTCQB is a major step in growing our investor base and enables us to attract investors in the US market to a greater degree,” said Kyle Stanfield, CEO of ONGold Resources.
Trading under the symbol “ONGRF” on the OTCQB, ONGold’s shares will continue to be listed on the TSX Venture Exchange as “ONAU.” This dual listing strategy aims to broaden the company’s investor reach, while DTC eligibility ensures faster electronic settlement of trades, benefiting both brokers and investors with streamlined transactions.
Meeting the OTCQB’s listing criteria required ONGold to fulfill rigorous standards, including consistent financial reporting, a minimum bid price, and comprehensive management certifications. The OTCQB’s framework prioritizes transparency and aims to enhance the trading experience for investors through regulatory and technological support.
About ONGold Resources Ltd.
ONGold Resources holds significant exploration assets in Northern Ontario, headlined by the TPK Project and October Gold Project. The TPK Project spans 47,976 hectares and is located in a region well-known for its extensive gold mineralization. Historical drilling and recent surveys have shown promising results, situating TPK as a valuable district-scale exploration initiative.
The October Gold Project covers 271 square kilometers and is situated 35 km along strike from the Cote Lake Mine. With Evolution Mining Limited’s option to acquire a 75% stake by committing C$7 million in expenditures and C$1.1 million in cash, the October Gold Project is positioned as a high-potential development for large-scale gold deposits.
In addition, ONGold holds a 100% interest in three other Ontario properties: Rapson Bay, Thorne-Ellard, and Meston Lake. These properties span 43,791 hectares and collectively consist of 2,334 cell claims, further anchoring ONGold’s footprint in Canada’s premier mining zones.
ONGold remains dedicated to responsible exploration practices, focusing on environmental stewardship and community partnerships as part of its commitment to sustainable development. Led by a seasoned management team, ONGold Resources Ltd. continues to prioritize projects with high mining potential, aiming to establish itself as a prominent player in Canada’s prolific mining regions.
Tags: Northern Ontario / Deals & Financial / Gold / All Articles