Grizzly Joins OTCQX
EDMONTON, ALBERTA -- (Marketwire) -- 03/11/11 -- Grizzly Discoveries Inc. (TSX VENTURE: GZD) (FRANKFURT: G6H) (OTCQX: GZDIF) ('Grizzly' or the 'Company') is pleased to announce that its common shares began trading today on the OTC market's highest tier, OTCQX®. OTC Markets Group, Inc. is a financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade stocks which are not listed on stock exchanges in the United States.
As of today, March 11, 2011, Grizzly began trading on the OTC market's most prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
'The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors,' said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. 'We are pleased to welcome Grizzly Discoveries to OTCQX.'
Dorsey & Whitney LLP will serve as Grizzly Discoveries' Principal American Liaison ('PAL') on OTCQX and will be responsible for providing guidance on OTCQX requirements.
'We are excited for this opportunity to increase our visibility and liquidity, in particular to our US-based investors' said Brian Testo, President and CEO of Grizzly, 'and look forward to developing our relationship with OTC Markets Group, Inc.'
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
About Grizzly Discoveries Inc.
Grizzly is an aggressive Canadian exploration company focused on exploring for world class gold and base metal deposits in British Columbia, and for diamonds and potash in Alberta. In British Columbia, Grizzly currently has four precious-base metal properties totaling over 235,000 acres. It currently holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly has also acquired metallic and industrial mineral permits for potash totaling more than 2.43 million acres along the Saskatchewan-Alberta border.
Grizzly trades on the TSX Venture Exchange under the symbol GZD, with 34,254,636 Common Shares issued and outstanding.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President & CEO
For further information, please visit our website at http://www.grizzlydiscoveries.com or contact Investor Relations.
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.
Contacts:
Grizzly Discoveries Inc.
Brian Testo
President & CEO
(780) 693-2242
www.grizzlydiscoveries.com
IR Pro Communications
Nancy Massicotte
604-507-3377 or Toll Free: 1-866-503-3377
ir@grizzlydiscoveries.com
www.irprocommunications.com