VANCOUVER, Oct. 12, 2016 /CNW/ - POYDRAS GAMING FINANCE CORP. (TSX‐V: PYD) (OTCQX: PYDGF) ("Poydras" or the "Company"), a leading provider of gaming machines to casino operators in its core markets of Oklahoma and Texas, today announced that the Company's common shares will begin trading today on the OTCQX Best Market under the symbol PYDGF. Poydras' common shares will continue to be listed on the TSX Venture Exchange under the symbol PYD.
McMillan LLP will serve as Poydras' Principal American Liaison ("PAL") on OTCQX and will be responsible for providing guidance on OTCQX requirements and compliance with U.S. securities regulations.
"With our operations in the United States, we believe that trading there is a natural fit and that upgrading to OTCQX will further broaden our shareholder base with increased ease of access to our shares for U.S. based investors," said Peter Macy, CEO of Poydras. "We are pleased to have our Company's shares qualify to trade on OTCQX, and as we embark upon our next stage of growth I look forward to increased outreach to U.S. based investors."
The OTCQX International, a segment of the OTCQX Market, is reserved for high-quality non-U.S. domiciled companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and real-time Level II quotes for the Company on www.otcmarkets.com.
About Poydras Gaming Finance Corp.
Poydras Gaming is a regional slot route operator with approximately 2,500 revenue-generating gaming machines across 25 casinos in Oklahoma and Texas. The Company provides slot machines and related capital expenditures under short- and long-term contracts for existing casinos, new casino developments and gaming machine suppliers in the United States. Additional information about the Company can be found on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Poydras Gaming Finance Corp.
For further information: please contact: Keith Richards, Investor Relations, NATIONAL Equicom, T: (416) 848-1599, E: firstname.lastname@example.org; James Kim, VP of Corporate Development, Poydras Gaming Finance Corp., T: (604) 683-8393, E: email@example.com