NEW YORK, May 17, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Confederation Minerals, Ltd. (OTCQX: CNRMF; TSX.V: CFM), a company dedicated to the acquisition and development of mineral deposits within North America, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.
Confederation Minerals began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Confederation Minerals has chosen to upgrade to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX is the best OTC marketplace offering qualifying companies like Confederation Minerals the means to enhance their U.S. shareholder base 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 Brian Bapty, President of Confederation Minerals.
Scarsdale Equities LLC will serve as Confederation Minerals' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Confederation Minerals is a British Columbia-based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. The company holds an Option Agreement to acquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario.
Confederation Minerals trades in the U.S. on OTCQX under the symbol "CNRMF."
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.
SOURCE OTC Markets Group Inc.