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- American Rare Earths (ARR) enters a trading halt in regards to an upcoming capital raising
- The company will remain in the halt until December 6 or when more details are released, whichever occurs first
- On November 23, ARR announced it had successfully applied for its shares to trade on the OTCQB in the US under the ticker code ARRNF
- The OTCQB is the middle tier for over-the-counter stocks and consists of mainly early-stage and international companies
- Shares in ARR last traded at 15.5 cents on December 1
American Rare Earths (ARR) has entered a trading halt in regards to an upcoming capital raising.
The company will remain in the halt until December 6 or when more details are released, whichever occurs first.
ARR is yet to disclose how much it intends to raise or what it will use the funds for once received.
On November 23, ARR announced it had successfully applied for its shares to trade on the OTCQB in the US under the ticker code ARRNF.
The OTCQB is the middle tier for over-the-counter (OTC) stocks and consists of primarily early-stage and international companies that do not yet qualify for the higher-tier OTCQX.
OTC markets allow shares to be traded directly between investors rather than through a formal exchange such as the ASX or NYSE.
While they are generally riskier and more prone to manipulation, it is easier to trade between international parties.
ARR announced it will also apply to the Depository Trust Company to simplify the process for North American investors trading its shares.
The company is also listed on the Frankfurt Stock Exchange under the code 1BHA.
Shares in ARR last traded at 15.5 cents on December 1. The company has a $54.16 million market cap.
