Investors to benefit from increased liquidity and accessibility
VANCOUVER, BC, CANADA (May 8, 2019) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF), is announcing that it has secured eligibility by The Depository Trust Company ("DTC") for its common shares which trade on the OTCQB in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility permits shares of Codebase Ventures to be distributed, settled and serviced through DTC's automated processes, leveraging the efficiencies created through the electronic clearing and settlement of securities. DTC services provide cost benefits for investors and brokers trading Canadian securities in the United States.
"DTC eligibility increases overall visibility with investors in the USA, and allows the Company’s stock to be traded with a much wider group of brokerage firms. We anticipate that our shareholders will benefit from increased liquidity and a larger shareholder base in addition to more convenience and greater execution speeds," noted Mr. Brian Keane, Director.