NEW YORK, Nov. 6, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Namibia Rare Earths Inc. (OTCQX:NMREF; TSX:NRE), a rare earth exploration and development company, is now trading on the highest OTC marketplace, OTCQX®. With the upgrade of Namibia Rare Earths, there are now 400 companies traded on OTCQX.
Namibia Rare Earths Inc. began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are thrilled that Namibia Rare Earths is joining OTCQX and the host of global leaders that trade on the OTCQX marketplace."
Dahlman Rose & Co., LLC will serve as Namibia Rare Earths, Inc.'s Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Namibia Rare Earths, Inc
Namibia Rare Earths Inc. (OTCQX: NMREF; TSX: NRE) trades in the United States on OTCQX under the symbol "NMREF". Namibia Rare Earths Inc. is a Canadian company focused on the exploration and development of its 100% held Lofdal Rare Earth Project located in north-western Namibia. Lofdal is a district scale exploration project covering 200 square kilometers with a focus on heavy rare earth-enriched carbonatite deposits.
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 Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. 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 registered ATS.
SOURCE OTC Markets Group Inc.