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Press Release · February 5, 2021 · Vancouver, BC

Usha Resources Receives DTC Eligibility for trading shares in the United States

February 5, 2021 - Usha Resources Ltd. (“USHA” or the “Company”) (TSXV: USHA) (OTCQB: USHAF) is pleased to announce that its common shares (the “ USHA Shares ”) are now eligible for electronic clearing and settlement through the Depository Trust Company (“ DTC ”) in the United States. USHA trades on the OTCQB in the United States under the symbol USHAF.

DTC eligibility allows investors to trade and hold the USHA Shares electronically. Investors in the United States benefit by having a faster and more streamlined and efficient method to digitally transfer the USHA Shares. Additionally, underwriters, brokers and other market players that are DTC participants can use the service to purchase or sell USHA Shares through DTC’s automated processes. Having access to DTC services gives the Company greater exposure to the capital markets while at the same time offers various services including greater transparency of the USHA Shares.

“We are pleased to have received DTC eligibility to facilitate the trading of our common shares for U.S. investors and brokerage firms,” stated Deepak Varshney, CEO of USHA. “We are actively engaged in pursuing new avenues to broaden the reach of our story; receiving DTC eligibility is a starting point for us to trade more effectively in the United States and will allow for faster execution and improved liquidity. Our common shares are now more widely accessible to both retail and institutional investors and we are excited to continue to introduce USHA to the largest market in the world.”

Forward-Looking Information This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Such information reflects management's current expectations and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Forward-looking information speaks only as of the date hereof and the Company disclaims any obligation to update it except as required by law.

Source: Internet Archive (Wayback Machine) — view original