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November 30, 2022 • 1 minute ago • 2 minutes read
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NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets in 12,000 U.S. and international securities, today announced Westbridge Renewable Energy Corp. (TSX-V: WEB; OTCQX : WEGYF; FRA: PUQ), a Canadian renewable energy company, has qualified for trading on the OTCQX® Best Market. Westbridge Renewable Energy Corp. has been upgraded to OTCQX from the OTCQB® Venture Market.
Westbridge Renewable Energy Corp. is trading today on the OTCQX under the symbol “WEGYF”. US investors can visit www.otcmarkets.com for current financial information and real-time Level 2 quotes for the company.
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The OTCQX market caters to established, investor-focused US and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. The transition from the OTCQB market to the OTCQX market is a major milestone for companies, allowing them to demonstrate their credentials and build visibility with US investors.
Scott M. Kelly, Executive Chair, commented, “Advancement to the OTCQX Best Market is a significant step toward achieving our capital markets goal of improving access and liquidity for existing and new US investors and shareholders. Having more than quadrupled our development portfolio in Alberta, the recent passage of the Inflation Reduction Act gives us a high level of confidence in achieving our strategic goal of expanding our current portfolio of 1,285 MWp solar PV plus 1,106 MWh battery storage capacity development and acquisition of new solar PV projects in the booming US renewable energy market.”
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About Westbridge Renewable Energy Corp.
Westbridge Renewable Energy Corp. (TSXV: WEB; OTCQX: WEGYF; FRA: PUQ) is developing world-class, utility-scale solar PV projects. The company has a portfolio of projects in three major jurisdictions, Canada, the US and the UK. Westbridge plans to generate attractive, long-term returns by originating, implementing and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track record of having developed more than 40 projects worldwide, obtaining approvals and executing on time and on budget. As one of the few publicly traded pure-play Canadian solar development companies, Westbridge offers investors valuable access to greenfield solar projects. This means the company can invest in the earliest stages of solar energy development and benefit from the full value chain as well as the expected wider adoption of renewable energy in the future. Westbridge brings together regulators, business buyers and landowners with the goal of bringing clean, sustainable power to end users.
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About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading in 12,000 US and international securities. Our data-driven disclosure standards underpin our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our alternative OTC Link® trading systems (ATS) provide essential market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to US financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member of the SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
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