POSaBIT Systems Corporation (CSE:PBIT) (OTC:POSAF) has filed its application to list the company’s common shares on the TSX Venture Exchange.
Ryan Hamlin, the company's CEO and co-founder, praised the move.
"This is the natural continuation of our plan and commitment to our shareholders to expose POSaBIT to a larger market of investors in the US, Canada and abroad," Hamlin said. "I am excited at the possibility of facilitating ownership and improving trading liquidity, in addition to potential index and ETF inclusion.”
The listing of the common shares on the TSXV remains subject to the review of the TSXV and is contingent on the satisfaction of all listing and regulatory requirements.
The news comes on the heels of the company's announcement that it intends to complete a non-brokered private placement of up to 3,107,142 of its units at $0.28 per unit, for aggregate gross proceeds of roughly CA$870,000 ($652,654) to fund the repayment of certain convertible promissory notes at maturity.
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