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Alderon Resource Corp. Joins OTCQX


News provided by

Pink OTC Markets Inc.

Jul 08, 2010, 08:00 ET

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NEW YORK, July 8 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), 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 Alderon Resource Corp. ("Alderon") (OTCQX: ALDFF, TSX.V: ADV), a Canadian iron ore exploration and development company, is now trading on OTCQX.

(Logo: http://photos.prnewswire.com/prnh/20090708/NY43125LOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )

Alderon 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 pleased to welcome Alderon to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "By choosing the quality controlled OTCQX platform, Alderon is demonstrating its commitment to providing superior information to shareholders and easy access through their U.S. regulated broker-dealers."

SecuritiesLawUSA, PC will serve as Alderon's Principal American Liaison ("PAL"), providing guidance on the disclosure requirements of U.S. securities laws and OTCQX qualification standards.

About Alderon

Alderon is a leading iron ore exploration and development company in Canada.  The Kami Project is located within an existing iron ore district and is slated for near term production.  The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.  For more information on Alderon, please visit www.alderonmining.com

About OTCQX

The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX marketplace to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX-listed companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].

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SOURCE Pink OTC Markets Inc.

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