On Monday, Caledonia reported it had resumed trading in that stock market, adding Collins Stewart, a leading independent financial advisory group, was its advisor in the United States.
In a statement to The Zimbabwean, Stefan Hayden, Caledonia's Chief Executive said: "We are very pleased to be a part of OTCQX and believe trading on the highest tier of the OTC will provide Caledonia with enhanced market access to a larger spread of institutional investors and with improved liquidity. We are confident that the move to the more transparent, premier tier OTCQX market will provide the United States investment community with improved access to Caledonia.”
The OTCQX marketplace is the leading tier of the US over-the-counter market.
Investor-focused companies use the quality-controlled marketplace to offer investors transparent trading, superior information and easy access through their regulated US broker-dealers.
Canadian-registered Caledonia is a mining, and exploration company with assets in Southern Africa. The Company's current focus is Blanket Mine in Zimbabwe. The gold mine re-started production in April 2009 after a temporary shut-down due to the economic difficulties in Zimbabwe.
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