NEW YORK, Feb. 21, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that I-Minerals Inc. (TSX-V: IMA; OTCQX: IMAHF), a Vancouver-based mining company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
I-Minerals begins 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 to welcome I-Minerals to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "I-Minerals joins the many Canadian companies that have chosen to have their shares trade on the OTCQX marketplace to provide a superior trading and information experience for their U.S. investors. We look forward to partnering with the company's management team as they continue to grow the company's visibility in the U.S. market."
"With our Helmer-Bovill property in Idaho and the majority of our management and technical team located in the United States, expanding our listing to the OTCQX is a natural path to follow in the growth of I-Minerals Inc," commented Thomas Conway, President and CEO of I-Minerals.
Euro Pacific Capital serves as I-Minerals' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
I-Minerals is developing the Bovill Kaolin deposit, a source of high purity potassium feldspar, quartz, kaolin and halloysite. The deposit represents one of the largest undeveloped resources of these minerals in the Western United States. A positive pre-feasibility study was completed December 2012.
I-Minerals will trade in the U.S. on OTCQX under the symbol "IMAHF."
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.