VANCOUVER, Feb. 10, 2022 /CNW/ - Westbridge Energy Corp.
("Westbridge" or the
"Company") (TSXV: WEB) (FRA: PUQ3) (OTCQB: WEGYF), is
pleased to announce that it has qualified for trading on the OTCQB
Venture Market (the "OTCQB") in the United States operated by the OTC Markets
Group Inc. and the Company's common shares commenced trading today
on the OTCQB under the symbol "WEGYF". Westbridge's common shares will continue to
trade on the TSX Venture Exchange under the symbol "WEB" and on the
Frankfurt Stock Exchange under the symbol "PUQ3".
"Listing Westbridge on the
OTCQB is a first step to provide easier access and trading
capability in our shares for both institutional and retail
investors. Trading on OTCQB will contribute to our strategy to
continue to enhance our share liquidity and broaden the reach and
awareness of our global renewal energy innovations and ultimately
drive value for our shareholders", stated Scott M. Kelly, Executive Chair & Director
of the Company.
The OTCQB offers investors transparent trading in
entrepreneurial and development stage U.S. and international
companies. To be eligible, companies must be current in their
reporting and undergo an annual verification and management
certification process. The OTCQB quality standards provide a strong
baseline of transparency, as well as the technology and regulation
to improve the information and trading experience for investors.
Investors can find real-time level 2 quotes and market information
at: https://www.otcmarkets.com/stock/WEGYF/overview.
The Company is awaiting approval of its application for DTC
eligibility. Nauth LPC acted as OTCQB sponsor.
Hiring of Market Makers
The Company also announces that it has entered into a
market-making agreement (the "Agreement") with Independent Trading
Group ("ITG"), pursuant to which ITG has agreed to provide
market-making services to the Company in accordance with the
policies of the Exchange and applicable laws. ITG will trade shares
of the Company on the Exchange and other available trading venues
with the objective of maintaining an orderly market and provide
liquidity to the Company's common shares. The Agreement has an
initial term of three months, which will automatically extend for
successive one-month terms unless terminated by either party on 30
days' prior notice. In consideration of the services provided by
ITG pursuant to the Agreement, the Company will pay ITG a monthly
fee of $6,000 per month. ITG
will not receive shares or other securities as compensation. The
capital used for market making will be provided by ITG.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best
Market, the OTCQB® Venture Market and the Pink® Open Market for
11,000 U.S. and global securities. Through OTC Link® ATS and OTC
Link ECN, the OTC connects a diverse network of broker-dealers that
provide liquidity and execution services. The OTC Markets Group
Inc. enables investors to easily trade through the broker of their
choice and empower companies to improve the quality of information
available for investors.
To learn more about the OTC Markets Group Inc.,
visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are
SEC regulated ATSs, operated by OTC Link LLC, member
FINRA/SIPC.
About Westbridge Energy Corp.
Westbridge Energy Corp. develops best-in-class solar PV
projects. The Company plans to deliver attractive, long-term
returns by identifying, originating, executing, and developing an
international portfolio of renewable assets for investors and
utilities. Westbridge management team has a strong
track-record. The management team of the Company has
previously developed 40+ projects worldwide, obtaining and
executing permits for projects on time and within budget. As
one of the very few listed pure-play Canadian solar development
companies, Westbridge provides its
investors with valuable access to greenfield solar
projects. This means the Company can invest at the earliest
stage of solar energy development, benefiting from the full
value chain as well as the expected wider adoption of renewable
energy going forward. Westbridge brings together regulators,
corporate buyers and landowners with the goal of delivering clean,
sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly
Executive Chair & Director
Westbridge Energy Corporation
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking
Information
This press release may contain forward–looking information
within the meaning of applicable securities legislation, which
forward–looking information reflects the Company's current
expectations regarding future events. Forward-looking statements
are often identified by the words "may", "would", "could",
"should", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" or similar expressions. Forward-looking
statements in this press release include the Company's expectation
that the OTCQB listing, coupled with DTC eligibility, should help
expand the Company's exposure and liquidity for its U.S. based
investors and shareholders. The information in this news
release includes certain information and statements about
management's view of future events, expectations, plans and
prospects that constitute forward looking statements. These
statements are based upon assumptions that are subject to
significant risks and uncertainties. Because of these risks and
uncertainties and as a result of a variety of factors, the actual
results, expectations, achievements or performance may differ
materially from those anticipated and indicated by these
forward-looking statements. Any number of factors could cause
actual results to differ materially from these forward-looking
statements as well as future results. Although the Corporation
believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward-looking statements will prove to be
correct. Except as required by law, the Corporation disclaims any
intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking statements or
otherwise.
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SOURCE Westbridge Energy Corporation
