NEW YORK, June 6, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Metals X,
Ltd (OTCQX: MTXXY; ASX: MLX), a diversified resource group, has
chosen to have its American Depositary Receipts (ADRs) traded on
OTCQX®, the best OTC marketplace with qualified companies.
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Metals X began trading today on OTCQX International, a segment
of the OTCQX marketplace reserved for high-quality non-U.S.
companies that are listed on a qualified international exchange and
provide their home country disclosure to U.S. investors. U.S.
investors can find current financial disclosures and Real-Time
Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Metals X has chosen to trade on OTCQX," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "The OTCQX marketplace offers
investor-focused companies like Metals X an efficient and effective
way to enhance their visibility with U.S. investors through
high-quality disclosure, transparent trading and ease of access to
company information."
"We are proud to join OTCQX, which will enable us to provide our
U.S. investors with timely news and information to help them better
analyze, value and trade our securities," said Peter Cook, CEO and Executive Director of Metals
X.
Cowen and Company will serve as Metals X's Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
Metals X is a diversified resource group with a considerable
portfolio of growth assets at all stages of development from
exploration through to production with exposure to tin, nickel,
gold, silver, copper, zinc, bauxite and lead.
The company trades in the U.S. on OTCQX under the symbol
"MTXXY," where each ADR represents 40 ordinary shares.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and
Connected financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link® ATS, we directly link a diverse
network of broker-dealers that provide liquidity and execution
services for a wide spectrum of securities. We organize these
securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace with
Qualified Companies; OTCQB®, The Venture Stage Marketplace with
U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with
Variable Reporting Companies. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.