Usha begins trading on OTCQB
2020-09-25 12:22 ET – News Release
Mr. Deepak Varshney reports
USHA RESOURCES COMMENCES TRADING ON OTCQB
Usha Resources Ltd., effective Sept. 25, 2020, will commence trading on the OTCQB under the symbol USHAF. The company has chosen to trade on this United States marketplace to provide current and future U.S.-based investors with greater access, ease of trading, home country disclosure, current financial disclosures and real-time level 2 quotes.
“Graduating to the OTCQB venture-stage marketplace is an important milestone for the company,” said Deepak Varshney, chief executive officer of the company. “Qualifying for OTCQB is a natural step for the company as we pursue the acquisition of 133 mineral claims located within the Lost Basin gold mining district in Mohave county, Arizona, pursuant to a binding letter of intent, as announced on June 10, 2020. It also demonstrates our commitment to increasing our investor base while providing our current and future U.S. investors convenient access to the same ease of trading, timely news and information enjoyed by investors in Canada.”
The company appointed Burns, Figa and Will, attorneys, to provide guidance with respect to its eligibility to meet the requirements of the OTCQB and to advise the company on its responsibilities for complying with its U.S. disclosure obligations under the Securities Act of 1934, and Rule 12g3-2 promulgated thereunder, in connection with the OTCQB listing and the OTCQB standards for international companies.
About Usha Resources Ltd.
Usha is a Canadian mineral acquisition and exploration company based in Vancouver, B.C., Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Northwest Ontario, Canada, and the Lost Basin gold mining district in Mohave county, Arizona.
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