OTC Markets Group Welcomes Gold Reserve to OTCQX
NEW YORK, Aug. 10, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Gold Reserve Inc. (TSX-V: GRZ; OTCQX: GDRZF), an exploration-stage company, has qualified to trade on the OTCQX® Best Market. Gold Reserve upgraded to OTCQX from the Pink® market.
Gold Reserve begins trading today on OTCQX under the symbol "GDRZF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX will allow Gold Reserve to efficiently leverage its existing TSX Venture listing to build visibility and provide a more transparent trading market for U.S. investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are pleased to welcome Gold Reserve to the OTCQX Best Market."
Doug Belanger, President of Gold Reserve Inc. stated, "We are very pleased to be trading on the OTCQX. This will give more real-time trading information and increased access to markets for our U.S. Investors, enhancing their ability to trade the company's common shares."
Gold Reserve was sponsored for OTCQX by Burns, Figa & Will, P.C., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About Gold Reserve, Inc.
Gold Reserve Inc., incorporated in Canada in 1998, and a predecessor company in the United States in 1956, is a mineral exploration and development corporation. The Company is currently developing the world class Siembra Minera (45% owned – 55% Venezuelan government) gold/copper/silver project in Venezuela, also known as the Brisas Cristinas project. This project is in addition to the $740 million international arbitration award the Company received in 2014 from the International Center for the Settlement of Investment Disputes (ICSID) after expropriation of the its Brisas project in 2008 by Venezuela. Gold Reserve has agreed to settle this award in a series of monthly payments until June 2019 which will total $1.037 billion, including $240 million for the company's extensive technical data base on the Siembra Minera project. The company also has an 100% interest in the LMS early stage gold exploration project in Alaska.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.