Coronado Commences Trading on OTCQX International in the United States and Provides Corporate Update
VANCOUVER, March 14, 2013 /PRNewswire/ - Coronado Resources Ltd. (TSX-V: CRD) and (OTCQX: CRDAF) is pleased to report that Coronado's common shares have commenced trading on the premier tier of the OTC market in the United States, the OTCQX International under the trading symbol CRDAF. Burns Figa & Will, PC will serve as Coronado's Principal American Liaison on OTCQX International, and will be responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.
The OTCQX platform is a highly visible electronic quotation and trading venue in the United States where qualifying companies can enjoy the benefits of increased international exposure without becoming a reporting company with the Securities & Exchange Commission under U.S. securities laws. Trading on the OTCQX International is available to international issuers such as Coronado whose shares meet clear quantitative standards, and currently trade on a qualifying foreign stock exchange.
The OTCQX trading platform provides Coronado with exposure to both institutional and retail investors through major online and full-service brokerage firms that facilitate trades through OTCQX International. Trades are settled and cleared in the United States similar to any NASDAQ or NYSE stock, and trade reports are disseminated through major financial data providers.
To view Coronado Resources Ltd. on the OTCQX please visit: http://www.otcmarkets.com/stock/CRDAF/quote
In other news, Coronado is pleased to announce that Mr. John Vaccaro and Mr. Douglas Lynes will join the Company's Board of Directors. Messrs. Vaccaro and Lynes are experienced in the resource industry sector having previously served as directors of other public companies, and bring additional strong business qualifications to the Coronado Board.
In order to facilitate the appointment of Mr. Vaccaro and Mr. Lynes to Coronado's Board, Mr. Giuseppe (Pino) Perone has tendered his resignation. Coronado wishes to express its thanks to Mr. Perone for his valuable contributions to Coronado's Board.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE CORONADO RESOURCES LTD.