Cancellation of Trading on the OTCQB Market
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
01 September 2026
Hamak Strategy Limited
("Hamak" or the "Company")
Cancellation of Trading on the OTCQB Market
Hamak Strategy Limited (LSE: HAMA), a Company combining advanced gold exploration in West Africa with a Digital Asset Treasury Management strategy, announces that it has withdrawn its shares from trading on the OTC Venture Market ("OTCQB") in the United States.
The Company's shares were admitted to trading on the OTCQB Market to broaden Hamak's exposure to North American investors and increase trading liquidity. Following a review of the costs and benefits associated with maintaining the OTCQB quotation, the Board has concluded that, at this time, the costs of maintaining it are not justified by the level of trading activity. The Company has therefore decided to withdraw from the OTCQB Market and focus its resources on its core operational and strategic priorities.
The withdrawal from the OTCQB Market will not affect the Company's listing on the London Stock Exchange, where its ordinary shares will continue to trade under the ticker symbol HAMA.
The Company remains focused on advancing the Akoko Gold Project in Ghana, developing its wider West African gold portfolio and continuing to execute its disciplined Digital Asset Treasury Management strategy.
An updated corporate presentation is now available on the Company's website for shareholders and prospective investors who wish to learn more about Hamak's strategy and current activities, which are focussed on advancing the recently announced 210,430oz gold resource through a Preliminary Economic Assessment for an open pit, heap-leach mining operation of the near surface oxide zones.
The updated investor presentation is available here: https://hamakstrategy.com
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, CEO and Executive Director.
For further information on Hamak you are invited to view the company's website at https://hamakstrategy.com/ or please contact:
|
Hamak Strategy Limited Karl Smithson, CEO and Executive Director Mike Murphy, CSO and Executive Director
|
|
|
AlbR Capital Limited (Corporate Broker) |
+44 (0) 20 7469 0930 |
|
Yellow Jersey PR Annabelle Wills |
+44 (0) 20 3004 9512
|
About Hamak Strategy Limited
Hamak Strategy Limited (LSE: HAMA) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing an appropriate and compliant BTC / crypto treasury management policy.
Important Notice
The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulation by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.
However, the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company's Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.
The Company's Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:
• The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.
• The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.
• The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.
• Cryptoassets carry a perception of fraud, money laundering, and financial crime.
An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 10 hours ago Johnson Matthey
- 11 hours ago Galliford Try
- 12 hours ago Galliford Try
- 12 hours ago Centrica
- 12 hours ago Smith & Nephew