NEW YORK, Oct. 18, 2012 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Potash West
NL (OTCQX: PWNNY; ASX: PWN), an exploration company, has chosen to
have its American Depositary Receipts (ADRs) traded on the highest
OTC marketplace, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Potash West NL 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.
"OTCQX provides services to companies which enable them to
communicate with and engage their investors, while providing them
with transparent trading and easy access to company information,"
said R. Cromwell Coulson, President and Chief Executive
Officer of OTC Markets Group. "We are pleased to welcome Potash
West to OTCQX."
INTL FCStone Securities Inc. will serve as Potash West's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements and U.S. securities
laws.
About Potash West NL
Potash West NL (OTCQX:
PWNNY; ASX: PWN) trades in the United
States on OTCQX under the symbol "PWNNY", where each ADR
represents 40 ordinary shares. Company is looking to produce Potash
from a deposit of Glauconite, located close to Perth, in Western Australia. Aiming to
satisfy a market currently supplied from the Northern
Hemisphere.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for investors to easily trade almost 10,000 equity and
debt securities through the broker of their choice. Our OTC
Link® ATS directly links a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities into
tiered marketplaces to inform investors of opportunities and risks
- OTCQX® - The Intelligent Marketplace for the Best OTC
Companies; OTCQB® - The Venture Marketplace; and OTC
Pink® - The Open Marketplace. Our data-driven platform
enables efficient trading through any broker 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 smarter financial marketplaces,
visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC registered ATS.
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SOURCE OTC Markets Group Inc.