Jazz Resources shares win U.S. DTC eligibility
2022-08-10 17:56 ET – News Release
Mr. Robert Klenk reports
JAZZ RESOURCES INC. RECEIVES DTC ELIGIBILITY
Jazz Resources Inc.’s common shares have been made eligible for book-entry and depository services of the Depository Trust Company (DTC) to facilitate electronic clearing and settlement of transfers of its shares in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corp., a United States company that manages electronic clearing and settlement for publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered to be “DTC eligible.”
DTC eligibility is expected to simplify the process of trading and transferring the shares and to enhance the liquidity of the shares in the United States because of the accelerated settlement period and the expected reduction in costs for investors and brokers, enabling the shares to be traded over a wider selection of brokerage firms.
We seek Safe Harbor.
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