The OTCQB listing aims to provide current and potential North American investors with appropriate accessibility and liquidity to invest in the Company. The listing provides Nova Minerals access to one of the largest investment markets in the world at nominal cost, with no additional compliance requirements, compared to traditional major exchanges.
Nova’s listing on the OTC Markets is DTC Eligible. DTC is a subsidiary of The Depository Trust & Clearing Corporation, part of the US Federal Reserve System that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company’s shares on the OTCQB by greatly broadening the pool of brokerage firms that will allow their clients to trade the stock.
Online brokers such as Ameritrade, Fidelity Investments, Charles Schwab, Tradestation and Etrade all offer OTCQB trades. Investors trading via other online brokers should inquire of their respective brokers whether OTCQB shares are made available to them.
NVAAF stock is traded in USD, and is in the same class of Ordinary Shares as ASX:NVA.