Lynas Corporation Ltd. Joins OTCQX
10.10.2011 | PR Newswire
NEW YORK, Oct. 10, 2011 - OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Lynas Corporation Ltd., an ASX 100 listed company focused on Rare Earth minerals, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX(R).'Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency,' said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. 'We are pleased to welcome Lynas to OTCQX.'
Lynas began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
BNY Mellon will serve as Lynas' Principal American Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX requirements
About Lynas Corporation Ltd.
Lynas Corporation Ltd. trades in the United States on OTCQX under the symbol 'LYSDY', where each ADR represents 1 ordinary share. Lynas Corporation Ltd is an ASX 100 listed company, with the strategy to create a reliable, fully integrated source of Rare Earths from mine through to market, and to become the benchmark for security of supply and a world leader in quality and environmental responsibility in the global Rare Earths industry.
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(TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB(R) (the U.S. reporting company marketplace for development stage companies), and OTC Pink(TM) (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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