2022-08-05 | TSXV:SPRX | Press release

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VANCOUVER, BC, August 5, 2022 /PRNewswire/ – Sparx Technology Inc.. (TSXV: SPRX) (OTCQB: STCXF) (“Sparx“or the”Company“) is pleased to announce that its common stock is now eligible for electronic clearing and settlement in United States through the Depository Trust Company (“DTC”).

DTC eligibility should simplify the trading process and improve the liquidity of Sparx shares in United States. The Company’s shares recently began trading on the OTCQB® Venture Market (“OTCQB”) under the symbol “STCXF”.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a US company that handles electronic clearing and settlement for publicly traded companies. Securities eligible for electronic clearing and settlement through DTC are considered “DTC-eligible”. This electronic securities clearing method expedites the receipt of stocks and cash, and thus speeds up the settlement process for investors and brokers, allowing stocks to be traded on a much wider selection of brokerage firms by complying to their requirements.

On behalf of the Council

Al Thorgeerson

CEO and President

ABOUT SPARX:

Sparx is an interactive media technology company primarily engaged in providing media companies and sports teams with technologies to engage audiences. The patented Sparx platform enables broadcasters, streamers and video producers to engage viewers longer, generate new revenue opportunities and create advanced experiences for audiences eager to join in on the action. Millions of users can connect to the Sparx platform and interact simultaneously on their mobile phone, tablet or computer anywhere in the world, in real time.

For more information about Sparx, visit the company’s website at www.sparxtechnology.com

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.

Forward-looking statements

Statements included in this press release, including statements regarding the Company’s plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, “forward-looking statements”. “. Forward-looking statements include, among other things, the intended use of proceeds from the financing. Forward-looking statements can be, but are not always, identified by words such as “anticipates”, “believes”, “intends”, “believes”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including, without limitation, those relating to the future operations and business prospects of the Company, are subject to certain risks and uncertainties (including the risks that the Transaction not take place, or does not take place as expected, geopolitical, regulatory, Covid-19 and currency exchange rate risk) that could cause actual results to differ materially from those set forth in the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate or that management’s assumptions underlying such statements, including assumptions about the Company or future developments, circumstances or results, will materialize. The forward-looking statements included in this press release are made as of the date of this press release, and the Company does not undertake to update or revise the forward-looking information included herein, except in accordance with securities laws. applicable.

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SOURCE Sparx Technology Inc.

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