The OTC Markets Group has recently welcomed a new addition to its OTCQX Best Market – Silver Crown Royalties Inc.
OTC Markets Group, an operator that hosts 11,000 over-the-counter securities, has announced the arrival of Silver Crown Royalties to the OTCQX Best Market. The company matriculated to OTCQX from the Pink® market.
For a company to be considered, and proceed to, OTCQX, it must meet high-quality financial standards and corporate governance. Additionally, ongoing requirements and required compliances are part of the commitment to stay within the OTCQX market category.
Silver Crown Royalties, a mining entity that mainly deals with precious metals and minerals, has reached this coveted position. The Silver Crown Royalties company, boasting successful ventures in provinces like Nevada and Canada, has demonstrated a firm commitment to excellence and high standards.
For the establishment of Silver Crown’s credibility on this platform, they were sponsored by J.P. Galda & Co, a qualified third-party firm. This sponsorship is essential for companies to trade on the OTCQX, it helps ensure all regulatory and disclosure procedures are well adhered to.
Chris King, CEO of OTC Markets Group, expressed his enthusiasm about this development. He said, We are pleased to welcome Silver Crown Royalties Inc. to the OTCQX Best Market. The OTCQX Market enables innovative and entrepreneurial companies to provide their shareholders with a transparent, liquid, and high-quality trading and information experience.
The CEO of Silver Crown Royalties, Howard Crosby, mirrored this excitement. He highlighted that the company saw this as a significant opportunity to engage with investors and provide transparent information about the company on a highly reputable platform. The migration to OTCQX serves as an affirmation of Silver Crown Royalties commitment to their stakeholders to conduct business in a transparent, and efficient nature.
On another note, it is important to mention that the transfer of Silver Crown to the OTCQX Best Market also indicates the thriving state of the mining and metals industry. Complexities of the industry plus the ebb and flow of the market prices for precious metals like Silver have led companies like Silver Crown Royalties to explore channels through OTCQX, that not only increase exposure to potential investors but also help to illustrate company credibility and transparency in financial disclosures.
To sum it up, stepping onto the OTCQX platform by Silver Crown Royalties represents a significant milestone for the company. The credibility established within the OTCQX Best Market positions the company to strengthen investor relations and enhance transparency. The move serves as a testament to Silver Crown Royalties’ successful business model and vision for its future growth within the mining industry.
