PesoRama Announces Cross Listing on Frankfurt Stock Exchange
PesoRama Inc. (TSXV: PESO), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, has announced the cross listing of its common shares on the Frankfurt Stock Exchange (FSE) under the symbol 'ZE6'.
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Rhea-AI Summary
PesoRama Inc. (TSXV: PESO), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, has announced the cross listing of its common shares on the Frankfurt Stock Exchange (FSE) under the symbol 'ZE6'. The FSE, being the largest of Germany's seven stock exchanges, will complement PesoRama's existing TSXV listing.
The company expects this strategic move to enhance liquidity, broaden its shareholder base, and facilitate advanced electronic trading and settlement. CEO Rahim Bhaloo expressed optimism about the cross listing's potential to attract additional investors and support the company's growth.
Positive
- Enhanced trading liquidity through dual listing on TSXV and FSE
- Expanded access to European investors
- Improved electronic trading and settlement capabilities
Negative
- None.
Details
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Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, is pleased to announce the cross listing of its common shares on the Frankfurt Stock Exchange (the "FSE") under the symbol "ZE6".
PesoRama's common shares are now cross listed on the TSXV along with the FSE, which is the largest of the seven stock exchanges in Germany. The Company believes that this cross listing on the FSE will enhance liquidity, broaden PesoRama's shareholder base and facilitate advanced electronic trading and settlement.
Rahim Bhaloo, the Chief Executive Officer of PesoRama, commented that: "We are excited to have completed this cross listing, as we believe it will provide enhanced liquidity and attract additional investors who can participate in the further growth of the Company."
About PesoRama Inc.
PesoRama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 24 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more. For more information visit: http://pesorama.ca.
For further information please contact:
Rahim Bhaloo
Founder, CEO & Chairman
rahim@rahimbhaloo.com
416-816-3291
Cautionary Note
This press release contains "forward-looking information" within the meaning of applicable securities laws, including, among other things, statements regarding the Company's listing on the FSE, planned expansion, new store openings and expected future developments and other factors that have been considered appropriate. While the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to changes in consumer behaviour, general economic factors, the ability of the Company to execute its strategies, the availability of capital and the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedarplus.ca. The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241483
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