Andrada Mining Ltd - African technology metals mining company with a portfolio of mining and exploration assets in Namibia - Starts trading shares on OTCQB to focus on US retail investors and broaden its shareholder register. Hannam & Partners and Stifel will continue to be Andrada’s joint corporate brokers in the UK. Says shares on AIM and Namibian Stock Exchange are unaffected by the additional listing.
Chief Executive Officer Anthony Viljoen says: ‘Admission to the OTCQB market is a key step in Andrada’s strategy to broaden the company’s investor base by making its shares more accessible to the North American institutional and retail investors. This investor base is known for its understanding of, and strong appetite, for mining companies, particularly in lithium equities. To that effect, Andrada will start marketing and outreach efforts to US based investors in the coming months to increase awareness of our significant near-term lithium project.’
Current stock price: 5.93 pence, down 1.2% on Monday
12-month change: 8.8%
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