NEW YORK, June 22, 2011 /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, today
announced that Macarthur Minerals Ltd. (TSX.V: MMS; OTCQX: MMSDF),
a company focused on the exploration and development of an iron ore
project in Western Australia, is
now trading on the highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Macarthur Minerals 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.otcqx.com and www.otcmarkets.com.
"Companies use OTCQX to expand their access to investors, engage
them with quality disclosure of their financials, and provide
trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and Chief
Executive Officer of OTC Markets Group. "We are pleased to welcome
Macarthur Minerals to OTCQX."
Stifel Nicolaus & Company, Inc. will serve as Macarthur
Minerals' Principal American Liaison ("PAL") on OTCQX, responsible
for providing guidance on OTCQX requirements.
About Macarthur Minerals Ltd.
Macarthur Minerals Ltd. (TSX.V: MMS; OTCQX: MMSDF) trades in
the United States on OTCQX under
the symbol "MMSDF". Macarthur Minerals Ltd is an Australian company
currently focused on the exploration and development of its Lake
Giles project located in Western
Australia.
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. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We categorize
the wide spectrum of OTC-traded companies into three tiers - OTCQX
(the quality-controlled marketplace for investor friendly
companies), OTCQB® (the U.S. reporting company marketplace for
development stage companies), and OTC Pink™ (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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SOURCE OTC Markets Group Inc.
