In a news release, Vancouver-based online entertainment and gambling solutions technology company FansUnite Entertainment Inc. (FANS:CSE; FUNFF:OTC) announced that "it has received approval from the Depository Trust Company (DTC) to make their shares eligible on the OTC and allowing United States investors to clear their trades seamlessly under the ticker FUNFF."
The firm indicated that its shares will also continue to trade under the symbol "FANS" on the Canadian Securities Exchange.
The company's Co-Founder, CEO and Chairman Darius Eghdami commented, "Obtaining DTC eligibility simplifies the trading process for both investors and brokerage firms in the United States and demonstrates our commitment to reaching new investors in large markets...As our industry experiences significant growth globally, we believe attracting U.S. investors is necessary to enhance liquidity and deepen our visibility on a global scale."
The firm noted that DTC is a subsidiary of the Depository Trust and Clearing Corporation which manages electronic clearing and settlement of transactions of publicly traded companies. The company pointed out that its securities can now be electronically cleared and settled which will provide for enhanced liquidity, improve and streamline trading and offer direct and greater access to U.S. investors.
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