Magellan Minerals Inc. Joins OTCQX
NEW YORK, Jan. 17, 2012 /PRNewswire/ -- 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 Magellan Minerals Ltd.
, a Canadian-based junior exploration company, is now trading on the highest tier of the OTC market, OTCQX(R).(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
Magellan Minerals began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
'The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base,' said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. 'We are pleased to welcome Magellan Minerals to OTCQX.'
Stifel Nicolaus & Company, Inc. will serve as Magellan Minerals' Principal American Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX requirements.
About Magellan Minerals Ltd.
Magellan Minerals Ltd.
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 intelligent marketplace), OTCQB(R) (the venture marketplace), and OTC Pink(TM) (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.
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CONTACT: Grace Keith, OTC Markets Group Inc., +1-212-896-4428,
grace@otcmarkets.com
Web site: http://www.otcmarkets.com/