NEW YORK, Nov. 12, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Mason Graphite Inc. (OTCQX: MGPHF; TSX.V: LLG), a Canadian mining company that is exploring and developing one of the highest grade graphite deposits known in the world, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Mason Graphite 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, undergo management reviews 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 Mason Graphite has chosen to trade on the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX provides qualifying issuers the ability to distinguish themselves in the U.S. market and increase their visibility with traders, investors, analysts and the media through high-quality disclosure, transparent trading and ease of access to company information. We look forward to supporting Mason Graphite and providing a robust public market for its shares."
"Qualifying for OTCQX is an important milestone for our company and demonstrates our commitment to providing our U.S. investors convenient access to the same timely news and information enjoyed by investors in our home market," said Benoit Gascon, President and CEO of Mason Graphite.
Dorsey & Whitney LLP will serve as Mason Graphite's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
About Mason Graphite Inc.
Mason Graphite is a Canadian mining company focused on the exploration and development of one of the highest grade graphite deposits known in the world. It's 100% owned Lac Gueret graphite property is located in northeastern Quebec near the main service center of Baie-Comeau and currently hosts a NI 43-101 compliant Measured & Indicated mineral resource of 7.6 million tonnes grading 20.4% Cg (carbon as graphite). 20.4% Cgr is the equivalent to about 9.1 g/t gold (assuming graphite price of $1,750 and gold price of $1,250. Source: Craig Miller at TD Securities). Tremendous exploration potential exists on the property with the current mineral resource based on exploration of only 17% of one well defined zone. By the end of 2015, the company intends to have developed the Lac Gueret project into one of the world's highest grade graphite producers. Mason Graphite is led by Benoit Gascon, CA CMA, who has held 20 years of executive positions at Timcal, including over 6 years as CEO. Timcal, now owned by Imerys, is the largest graphite producer in the world.
Mason Graphite trades in the U.S. on OTCQX under the symbol "MGPHF" and in Canada on the TSX Venture Exchange under the symbol "LLG."
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.