Newzulu Limited
(ASX:NWZ) says it will gain better access to US investment for its crowd sourced media company by listing on the OTC Markets.
OTCQX market includes more than 350 companies valued at over US$1.4 trillion.
Newzulu will trade as an American Depositary Receipt or ADR under the ticker symbol NWZLY. Two hundred ordinary shares will represent one ADR.
Newzulu has also appointed The Bank of New York Mellon as its depository bank, Madison Capital as its Principal American Liaison and will move its management operations to New York City.
Newzulu reported a net loss of $28.3 million for the 2015 financial year.
