North Bay Receives 15c2-11 Clearance; Announces Plans to Uplist

North Bay Receives 15c2-11 Clearance; Announces Plans to Uplist

In an effort to enhance shareholder value and provide full transparency in conformity with recent trends, North Bay Resources Inc. announced that it is proceeding with its recently announced plans to become a fully reporting company and to move the Company’s stock to the OTC Bulletin Board.

As a first step in this process, the Company is pleased to announce that its designated market maker, Glendale Securities Inc., has received clearance from the Financial Industry Regulatory Authority (“FINRA”) on the Company’s recently filed 15c2-11.

To further the process, the Company intends to engage an accounting firm to conduct a full audit of the Company’s financials following the conclusion of the Company’s fiscal year. Upon completion of the audit, the Company then anticipates further regulatory filings with the SEC to become a fully reporting company and to list on the OTC Bulletin Board exchange (“OTCBB”).

According to CEO Perry Leopold, “FINRA clearance of our 15c2-11 is a significant step forward for North Bay, and continues our steady progress in successfully executing on our business plan. By becoming a fully reporting company, we will be able to create additional corporate transparency and understanding for our shareholders. This will also provide a vehicle for our investors to access financial and operational information about the Company on a regular reporting basis.”

Share this post