NEW YORK, Oct. 18, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Midas Gold Corp. (OTCQX: MDRPF; TSX: MAX), a mineral exploration company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Midas Gold 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 Midas Gold on www.otcmarkets.com.
"We are pleased Midas Gold has chosen to upgrade to 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 Midas Gold and providing a robust public market for its shares."
"Qualifying for OTCQX is an important milestone for Midas Gold 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 Stephen Quin, President and CEO of Midas Gold.
Cowen and Company will serve as Midas Gold's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, development of gold, silver, antimony and tungsten deposits on its Golden Meadows project in the Stibnite-Yellow Pine district of central Idaho.
Midas Gold trades in the U.S. on OTCQX under the symbol "MDRPF."
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.