Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Increases Investor Liquidity Options with DTC Eligibility

PLUS recently announced DTC Eligibility for the U.S. Market Company’s recent IPO raised C$20 million Company plans to use proceeds to expand its operations in California

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) has just made it easier for investors to trade its securities. The company recently announced that its shares are now Depository Trust Company (DTC) eligible (http://nnw.fm/gJu6q). DTC eligibility will allow Plus Products shares to be deposited into a DTC account, from which they can be transferred between brokers and transfer agents. Having an intermediary like DTC handling transfers ensures a high level of integrity and accuracy, since DTC acts as both custodian and clearing house. In addition, eligibility provides access to other DTC services, such as its FAST system and DWAC transactions. By making trading and transfers easier, DTC eligibility increases market liquidity, fulfilling an essential function of securities markets: access to and exit from investments. DTC, with over $35 trillion worth of securities on deposit, is the largest securities depository in the world.

This will likely be reassuring news for the many investors who took part in Plus Products’ recent public share offering. Late last year, the company successfully completed an initial public offering (IPO) of 6,153,847 subordinate voting shares at a price of…

Read More>>

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

Citing cash woes, R Kelly asks judge for OK to fly to Dubai

Mar 20, 2019

CHICAGO — Cash-strapped R. Kelly asked a judge Wednesday to let him travel to the Middle East to perform several concerts, according to a new court filing that said he has struggled to get work in the U.S. since his February arrest on sex abuse charges. The R&B singer hopes to do up to five concerts next month in Dubai, according to a motion filed in Cook County Circuit Court. It doesn't specify venues or how much Kelly could earn from the concerts, which the filing contends were arranged prior to Kelly's arrest. Kelly, 52, also plans to meet members...

$800K Wells Fargo penalty OK'd in Schilling video game deal

Mar 20, 2019

PROVIDENCE, R.I. — A federal judge has approved an agreement for Wells Fargo Securities to pay an $800,000 civil penalty to end a lawsuit by the U.S. Securities and Exchange Commission over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company, 38 Studios. The order entered Wednesday in U.S. District Court in Providence brings the yearslong legal battle over 38 Studios close to an end, although it's not completely over. A Wells Fargo employee who was the lead banker on the 38 Studios deal is the final remaining defendant, and plans to...

Huffman's court date pushed back in admissions scam case

Mar 20, 2019

BOSTON — A judge has granted a request to push back actress Felicity Huffman's court appearance in Boston on charges that she participated in a college admissions cheating scam. Huffman was initially scheduled to appear in Boston federal court on March 29 along with fellow actress Lori Loughlin and other parents. But a judge on Wednesday moved Huffman's hearing to April 3. Huffman's Boston lawyer requested the delay, saying he would be out of town. Huffman was among 50 people charged in the scheme in which wealthy parents allegedly bribed college coaches and other insiders to get their children into...

Hollywood power elite hosting Kamala Harris fundraiser

Mar 20, 2019

WASHINGTON — Many of Hollywood's power elite, including prolific television hit maker Shonda Rhimes, were hosting a fundraiser Wednesday for Democratic presidential candidate Kamala Harris. The evening event is billed as a "reception in support of Kamala Harris for the People," and Harris is expected to attend, according to an invitation obtained by The Associated Press. The reception will be held at the Pacific Palisades home of director J.J. Abrams and his wife, Katie McGrath. Tickets cost $2,800 per guest, with co-chairs donating $10,000, according to the invitation. Co-chairs for the event include a number of prominent Hollywood names, including...

Coroner says 'Young and Restless' star died of heart disease

Mar 20, 2019

LOS ANGELES — "The Young and the Restless" star Kristoff St. John died of heart disease, with excessive drinking at the time of his death a contributing factor, according to a coroner's report released Tuesday. Investigators listed "hypertrophic heart disease" as the cause of the 52-year-old's death on Feb. 4 at his home in Los Angeles. "Hypertrophic" means the heart muscle has become abnormally thick, making blood-pumping difficult. Heavy alcohol use along with a congenital artery problem contributed to St. John's death, the report said. Three days earlier, St. John had been released from a mental health hospital where he...

About Us

E-Stardom is the exclusive online news network for breaking entertainment news. We bring to you the premium coverage and fashion tips to your favorite celebrity style. Get your daily celebrity news fix only here in E-Stardom.

Contact us: sales[at]e-stardom.com

Subscribe Now!