Kodiak Copper Receives DTC Eligibility
20 July 2021
July 20, 2021 – Vancouver, British Columbia – Kodiak Copper Corp. (the "Company" or “Kodiak”) (TSX-V: KDK) announces that its common shares are now eligible for book-entry and depository services of the Depository Trust Company (“DTC”), to facilitate electronic clearing and settlement of transfers in the United States. Kodiak currently trades on the OTCQB under the ticker symbol KDKCF.
DTC is a subsidiary of The Depository Trust & Clearing Corp. which manages the electronic clearing and settlement of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible. This electronic method of clearing securities accelerates the settlement process for investors and brokers, enabling a security to be traded over a much wider selection of brokerage firms.
Claudia Tornquist, Kodiak’s CEO said, “We are pleased to have received DTC eligibility to facilitate the trading, and efficient electronic transfer, of our common shares for U.S. investors and brokerage firms. This will allow for faster execution of trades and improved liquidity of our common shares and will help to broaden our US investors base.”