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Bannerman begins trading on OTCQX

Bannerman begins trading on OTCQX

Developer of the Etango-8 Uranium project in Namibia, Bannerman Energy has started share trading on the OTCQX in the US, after having been upgraded from the OTCQB.

The OTCQX is the highest quality tier of OTC markets and offers trading in companies that are not listed on traditional exchanges.

The company, which will continue to trade under the OTC market symbol BNNLF, said on Wednesday that the approval to trade on the OTCQX was a significant corporate milestone, and appropriately timed ahead of the definitive feasibility study for the Etango-8 project, in Namibia, which is due for completion in the December quarter.

“Bannerman’s upgrade to the OTCQX reflects our strategy to introduce the company to a broader international audience. The more highly regulated financial and corporate governance requirements of the OTCQX are attractive to many larger investors and specialist funds,” said Bannerman MD and CEO Brandon Munro in a statement this week.

Munro said the recognition presents a timely progression for Bannerman, as progress has been made on the feasibility study evaluating the transition of their Etango-8 project from development to production.


About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys