Delavaco Residential Properties Corp. Begins Trading on OTCQX
2014年4月10日 - 9:00PM
Marketwired
Delavaco Residential Properties Corp. Begins Trading on OTCQX
TORONTO, ON--(Marketwired -
April 10, 2014) - Delavaco Residential Properties Corp.
("Delavaco" or the "Company") (TSX-VENTURE:
DVO.U) (OTCQX: DELAF)
announced today that its common shares have been approved for
trading in the United States on the OTCQX marketplace. Delavaco
will trade under the symbol "DELAF". U.S investors can find current
disclosures and Real-Time Level 2 quotes for Delavaco on
www.otcmarkets.com.
Delavaco will continue to trade on the TSX Venture Exchange
under its existing symbol "DVO.U" in $USD.
"We are pleased to have received approval for trading on OTCQX.
We have had a great number of requests for information about
Delavaco from various individuals and funds from across the U.S. We
are excited about expanding our shareholder base to an investing
public that has the strongest knowledge of the U.S. marketplace, at
an individual, retail, and institutional level," commented Andrew
DeFrancesco, Chief Executive Officer.
With its move to OTCQX, Delavaco ensures its U.S. investors will
have convenient access to its news, disclosure, and transparent
trading, making it easier to analyze, value and trade its
securities.
Dorsey & Whitney LLP will serve as Delavaco's Principal
American Liaison on OTCQX, responsible for providing professional
guidance on OTCQX requirements and U.S. securities law. vFinance
Investments Inc., a division of National Holdings Corp., acted as
sponsor and filed with FINRA on the Company's behalf to obtain the
listing.
In a related move, Delavaco has announced that Company
information will be made available via S&P Capital IQ's Market
Access Program, an information distribution service that enables
subscribing publicly-traded companies to have their company
information disseminated to users of S&P Capital IQ's
MarketScope Advisor.
About Delavaco Residential Properties Corp.
Delavaco Residential Properties Corp. was formed on January 27,
2011 to take advantage of the U.S. housing crisis, by its founders
Andrew DeFrancesco and Dallas Wharton, with the goal of significant
capital appreciation through the recovery of the housing sector.
Now a public company, Delavaco has its shares listed and posted for
trading on the TSX Venture Exchange and the OTCQX marketplace in
the U.S. Delavaco is focused on the ownership and management of
single and multi-family residential properties located principally
in the south-eastern United States. Upon closing of the
Transaction, Delavaco's real estate portfolio will consist of more
than 520 single-family homes in Florida, more than 310
single-family homes in Georgia, more than 311 multi-family units in
Florida and Texas and 96 multi-family units in New Jersey. Delavaco
also manages a 316 multi-family unit portfolio in Hollywood
Florida. Delavaco's acquisition strategy involves the
identification and purchase of under-valued residential properties
located in highly populated and dynamic urban centers within the
lower to middle income demographic sector with tenants who qualify
for government funding under the United States rental voucher
assisted program. Delavaco's security holders include some of the
leading Canadian institutional investors and real estate holding
companies.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Certain information in this news release constitutes
forward-looking statements under applicable securities law. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "intend" and
similar expressions. Forward-looking statements in this news
release include, but are not limited to, statements with respect to
Delavaco's intended acquisition focus. Forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions;
adverse industry events; marketing costs; loss of markets;
volatility of real estate prices; inability to access sufficient
capital from internal and external sources, and/or inability to
access sufficient capital on favourable terms; industry and
government regulation; changes in legislation, income tax and
regulatory matters; the ability of Delavaco to implement its
business strategies; competition; currency and interest rate
fluctuations and other risks.
Readers are cautioned that the foregoing list is not
exhaustive. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
Neither the 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.
Additional information about Delavaco Residential Properties
Corp. is available at www.delavacoproperties.com or
www.sedar.com.
For more information please contact: Lisa-Marie
IannitelliDirector of Investor Relations & Business
DevelopmentDelavaco Residential Properties Corp.The Exchange
Tower130 King Street West, Suite 2210Toronto, ON M5X 1A9Phone:
(416) 362-4441E-mail: Email contact
Delavaco Residential Properties (TSXV:DVO.U)
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