PALM BEACH GARDENS, Fla., April 21, 2015 /PRNewswire/ -- GOLDEN AGE RESOURCES, INC. (OTC: GDAR) announced today that the Company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective April 14, 2015.
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.
Terence Byrne, CEO of Golden Age Resources, Inc., stated, "We are very pleased to have obtained DTC eligibility status. Electronic trading has become essential in today's financial markets, and becoming DTC eligible with full-reporting greatly simplifies the process of trading our common stock, enhances trading efficiency and security, and lowers transaction cost and risk."
In addition to this news, the Company is also pleased to announce that it has completed the financial auditing process to begin the transition from the OTC Markets Pink Sheets to the OTCQB.
Golden Age has retained Securities Compliance Group, LTD, a leading provider of legal services, to assist in the auditing of its financials as well as other auditable business items in achieving full-reporting OTCQB issuer status. The Company is actively working to uplist Golden Age Resources as soon as possible and management is pleased to have Securities Compliance Group onboard in doing their part to help bring the company to the next level of transparency and compliance.
About Golden Age Resources, Inc.
Golden Age Resources, Inc. is dedicated to the construction and development of "Green" energy power solutions, the production of clean power with a low carbon footprint, financing solutions and investments into renewable projects, as well as combinations of both wind and solar energy systems in Latin America and Mexico.
GDAR, organized as a Nevada Company, has re-directed its core business to technology and Latin American and International solar energy markets providing project development, medium and long-term finance solutions and investments into solar energy related projects. This re-direction promises enhanced corporate and shareholder values.
For more information about Golden Age Resources, Inc., visit the Company's corporate website: http://www.gdarinc.com.
Forward Looking Statements: This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources, Inc. undertakes no obligation to update such statements.
SOURCE Golden Age Resources, Inc.