NEW YORK, Feb. 8, 2011 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), the financial information and technology
services company that operates the leading electronic quotation and
trading system in the U.S. OTC securities market, today announced
that Medallion Resources Ltd. (TSXV: MDL; OTCQX: MLLOF), a junior
resource company, is now trading on the OTC market's highest tier,
OTCQX®.
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"Companies use the OTCQX marketplace 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 Medallion Resources to OTCQX."
Medallion 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.OTCQX.com and www.OTCMarkets.com.
"We are very pleased to join the impressive and rapidly growing
list of international companies whose shares trade on the OTCQX. In
keeping with our plans to increase recognition for Medallion
outside of Canada, the OTCQX
platform offers U.S. investors greater trading liquidity with an
improved marketplace that is both efficient and transparent,"
commented Medallion President Donald
Lay.
Merriman Capital, Inc. will serve as Medallion Resources'
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements.
About Medallion Resources Ltd.
Medallion Resources Ltd. (TSXV: MDL; OTCQX: MLLOF), trades in
the United States on OTCQX under
the symbol "MLLOF". Medallion Resources is a junior resource
company exploring for large, low-cost "heavy" rare-earth-element
(REE) deposits with a clear metallurgical path and cost-effective
infrastructure. Headed by REE veteran Dr Bill Bird and supported by a technical team
second to none, the Company is strategically positioned to meet the
challenges of evaluating and cost-effectively exploring the best
REE projects. Medallion's Eden REE and Red Wine REE are two of the
finest rare-earth exploration properties in North America.
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.