Calima Commences Trading on OTCQB Market in the United States

Source: www.gulfoilandgas.com 3/25/2022, Location: Not categorized

Calima Energy Limited is pleased to announce that its shares are now quoted on the OTCQB, a U.S. trading platform that is operated by OTC Markets Group Inc. in New York, United States. The Company’s symbol on the OTCQB is “RLTOF” (to be amended to “CEIOF”) and trading commenced on 24 March 2022 (US Time).

The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To qualify for OTCQB, companies must meet high financial and securities reporting standards, pass a bid test, and undergo annual verification. As a verified market with access for U.S. investors, OTCQB helps companies build shareholder value, achieve liquidity and a fair valuation. It will also enable the Company to expand its awareness and broaden its range of potential investors into the North American market, where operating in Canada is more widely understood.

The Company’s primary listing remains on the Australian Securities Exchange (ASX) under the symbol CE1 with a secondary quotation on OTCQB under the symbol RLTOF. The Company confirms that the OTCQB quotation does not impose any material additional compliance or regulatory standards over the Company’s ASX listing.

The Company further confirms that no shares are being issued to facilitate to the OTCQB quotation. MCAP LLC, Inc. acted as the Company’s OTCQB sponsor and advisor.

Jordan Kevol, CEO and President:
“With our existing production and exciting development programs underway at our Brooks and Thorsby asset areas, Calima has received significant interest from investors based in North America. An OTCQB quotation allows for Canadian and US investors to easily buy Calima shares in their own time zone and currency. We look forward to keeping all investors updated on what promises to be an exciting year for the Company in 2022.”


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