Tirex Resources Ltd. Joins OTCQX
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/16/11 -- 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, announced that Tirex Resources Ltd. (TSX VENTURE: TXX)(OTCQX: TIRXF), a mineral exploration and development company, is now trading on the highest tier of the OTC market, OTCQX®.
Tirex Resources began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
'OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards,' said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. 'We are pleased to welcome Tirex Resources to OTCQX.'
Dorsey & Whitney LLP will serve as Tirex Resources' Principal American Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX requirements.
About Tirex Resources Ltd.
Tirex Resources Ltd. (TSX VENTURE: TXX)(OTCQX: TIRXF) trades in the United States on OTCQX under the symbol 'TIRXF', and in Canada on the TSX Venture Exchange under the symbol 'TXX'. Tirex Resources Ltd. was formed to conduct mineral exploration and development activities in Albania. Tirex is focusing its efforts towards developing the potential of the Mirdita Project into a major Volcanogenic Massive Sulfide (VMS) District with multiple large deposits of copper, zinc, gold and silver mineralization. Tirex is leading the way into Albania and employing modern exploration techniques in an area with a rich mining history.
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. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the intelligent marketplace), OTCQB® (the venture marketplace), and OTC Pink™ (the open 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.
Further details on Tirex Resources Ltd. and the Mirdita Project can be found on the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan J.R. Slusarchuk, Chief Executive Officer
Forward Looking Statements
This Tirex News Release may contain certain 'forward-looking' statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and information currently available to Tirex management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. In particular, it should be noted that the expansion of this convertible debt facility referenced today may not close and if it does not close in a timely manner, will not fund. Final loan documentation has not yet been signed and will be further reviewed by both Tirex and the EBRD prior to signing. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
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 news release.
Contacts:
Tirex Resources Ltd.
Bryan J.R. Slusarchuk
Chief Executive Officer
604-687-7160
604-608-9110 (FAX)
info@TirexResources.com
www.TirexResources.com
OTC Markets Group Inc.
Grace Keith
Media Contact
+1 (212) 896-4428
grace@otcmarkets.com
www.otcmarkets.com