NEW YORK, March 20, 2013 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced that Red 5 Limited (OTCQX:
RDFLY; ASX: RED), an Australian-based mineral exploration and
development company, has chosen to have its American Depositary
Receipts (ADRs) traded on OTCQX®, the best OTC marketplace with
qualified companies.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Red 5 began trading today on OTCQX International, a segment of
the OTCQX marketplace reserved for high-quality non-U.S. companies
listed on a qualified stock exchange in their home country. U.S.
investors can find current financial disclosures and Real-Time
Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Red 5 has chosen to trade on OTCQX," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "The OTCQX marketplace offers
investor-focused companies 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 signals our commitment to
providing our U.S. investors with timely news and information to
help them better analyze, value and trade our securities," said
Colin Jackson, Chairman of Red
5.
Roth Capital Partners, LLC will serve as Red 5's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
Red 5 trades in the U.S. on OTCQX under the symbol "RDFLY,"
where each ADR represents 5 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.
Subscribe to the OTCQX RSS Feed
SOURCE OTC Markets Group Inc.
