Kamloops, August 17, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a dominant manufacturer of agricultural, household and industrial products whose pioneering blue-sky technology turns post-consumer glass into high-performance cement using CO2 sequestration, is pleased to announce that it has been approved to commence trading of its common shares on the OTCQB® Venture Market (“OTCQB”), beginning today under the ticker symbol ASHXF.
“We are pleased to offer investors yet another avenue for trading our shares and look forward to increasing the awareness around our company for U.S. investors,” said Stephen Harpur, CEO of PLAN. “We believe that trading on the OTCQB® can lead to overall enhanced liquidity and visibility in global capital markets and we’re committed to driving greater investor participation while facilitating easier trading access.”
The OTCQB® is a leading market for early-stage and developing U.S. and international companies. Recognized as an established public market by the U.S. Securities and Exchange Commission, the OTCQB® has helped companies build considerable shareholder value including enhanced liquidity and valuation. Investors may benefit from efficient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker-dealers and market data providers.
The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol PLAN.
An application with the Depository Trust & Clearing Corporation (DTCC) is currently pending to further enable the easier electronic clearing and settlement of the Company’s common shares in the United States.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information within the meaning of Canadian securities laws. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
Forward looking information is typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” and similar expressions, or are those that, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including but not limited to: the Company’s application to the Depositary Trust & Clearing Corporation; the results of the Company’s shares trading on the OTCQB; the general state of the industry in which the Company operates; the state of financial markets generally; and other risks and factors that the Company is not aware of at this time.