Diamcor Begins Trading in USA on OTCQX International
KELOWNA, BC, June 20, 2011 /CNW/ --
KELOWNA, BC, June 20, 2011 /CNW/ - Diamcor Mining Inc. (TSX-V.DMI; OTCQX-DMIFF) ('Diamcor' or 'the Company' ), is pleased to announce that all
applications and submissions to join the OTC market's prestigious OTCQX
International tier have now been approved, and as such, the Company
will begin trading today in the US market under the symbol DMIFF.
With the Company trading on the OTCQX International, investors can now
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
Diamcor Mining to OTCQX.'
'With our ability to trade on the OTCQX International now complete,
Diamcor is able to provide US investors with an improved trading
platform which is efficient, transparent, and provides for trading
liquidity when transacting shares of Diamcor in the much larger market
of the United States,' commented Dean H. Taylor, President and Chief
Executive Officer of Diamcor. 'This development, in conjunction with
the recently announced availability of our Company's information via
the Standard & Poor's Market Access Program, is aimed at allowing our
Company to effectively ensure greater visibility for Diamcor in the US
market during what we believe to be a very exciting time in the
Company's history.'
Berns & Berns, Counsellors at Law will serve as Diamcor's Principal
American Liaison ('PAL') on the OTCQX, and is responsible for providing
guidance on OTCQX requirements.
About Diamcor Mining Inc:
Diamcor Mining Inc. is a fully reporting junior diamond mining company
which is listed in Canada on the TSX Venture Exchange under the symbol
DMI, and trades in the United States on the OTCQX under the symbol
'DMIFF'. Diamcor is a production focused company with a proven
operational history as a supplier of rough diamonds to the world
market. The Company recently announced the successful acquisition of
the Krone-Endora at Venetia project from De Beers, and has a strategic
alliance to supply diamonds to New York based premier luxury jewelry
retailer Tiffany & Co. For additional information on Diamcor, please
visit our website at www.diamcormining.com.
About Tiffany & Co. Strategic Alliance:
On March 29, 2011, Diamcor announced it has established a long-term
strategic alliance and first right of refusal with world famous New
York based Tiffany & Co. to purchase up to 100% of the future
production of rough diamonds from the Krone-Endora at Venetia Project.
To expedite the production and supply of rough diamonds from
Krone-Endora at Venetia, Tiffany & Co. has also provided the Company
with additional financing for the Project. Tiffany & Co. is a
publically traded company which is listed on the New York Stock
Exchange under the symbol TIF. Originally founded in 1837, the
Tiffany's name is now globally recognised as one of the premier luxury
jewellery and specialty retailers in the world. Through Tiffany & Co.
and various other subsidiaries, the company is engaged in product
design, manufacturing, and retailing activities on a global basis. As
of October 31, 2010 Tiffany & Co. operates 225 retail stores and
boutiques in the Americas, Japan, Asia-Pacific, and Europe and engages
in direct selling through internet, catalog and business gift
operations. For additional information on Tiffany & Co., please visit
their website at www.tiffany.com.
About OTC Markets Group Inc:
OTC Markets Group Inc. (OTCQX: OTCM) 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.
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Media Contact:
Grace Keith, OTC Markets Group Inc., 1 (212) 896-4428, grace@otcmarkets.com
On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
DTaylor@diamcormining.com
Phone: (250) 864-3326
Website: www.diamcormining.com
This press release contains certain forward-looking statements. While
these forward-looking statements represent our best current judgement,
they are subject to a variety of risks and uncertainties that are
beyond the Company's ability to control or predict and which could
cause actual events or results to differ materially from those
anticipated in such forward-looking statements. Further, the Company
expressly disclaims any obligation to update any forward looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
WE SEEK SAFE HARBOUR
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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Media Contact:
Grace Keith, OTC Markets Group Inc., 1 (212) 896-4428, grace@otcmarkets.com
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
DTaylor@diamcormining.com
Phone: (250) 864-3326
Website: www.diamcormining.com