Disclosure NewswireTMiCrowdNewswire - Sep 6, 2016
Vancouver, British Columbia – Imagination Park Entertainment Inc. (CSE: IP) (“Imagination Park” or the “Company”) is pleased to announce that it has completed its listing process in the United States, and is currently trading on the OTC Market Exchange under the trading symbol “IPNFF”. Given the approval from the Financial Industry Regulatory Authority (“FINRA”), , the Company is now proceeding with DTC eligibility, which, barring any unforeseen delays or concerns with the Company’s application, is expected to take approximately 3 to 4 weeks to complete.
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The Depository Trust Company (“DTC”) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered ‘DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Imagination Park CEO and Director Gabriel Napora comments, “We are happy to receive our US stock exchange listing approval from FINRA and the OTC Markets Group. By way of our OTC listing under the symbol “IPNFF”, we are pleased to now be providing our growing US audience with improved access to the Company’s securities.”
About Imagination Park
Imagination Park is an emerging digital content production company, working with talented filmmakers around the world to bring innovative digital and virtual reality content to life.
ON BEHALF OF THE BOARD,
CEO & Director
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. The forward looking information is based on certain key expectations and assumptions made by Imagination Park’s management. Although Imagination Park believes that the expectations and assumptions on which such forward- looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Imagination Park can give no assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and Imagination Park disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.