NEW YORK, Dec. 18, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Avalon Rare Metals Inc. (TSX: AVL; OTCQX: AVLNF), a Canadian mineral development company, has qualified to trade on the OTCQX® Best Market. Avalon previously traded on the NYSE MKT.
Avalon begins trading today on OTCQX under the symbol "AVLNF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome Avalon to the family of established, investor-focused companies on the OTCQX market," said Jason Paltrowitz, Executive Vice President of OTC Markets Group. "Trading on OTCQX will allow Avalon to continue to provide a high-quality trading and information experience for its investors without the high cost and regulatory complexity of a U.S. exchange listing. We look forward to helping Avalon prosper and thrive."
"Avalon's President and CEO Don Bubar commented, "We are pleased to be able to maintain a U.S. trading market and continued market access for U.S. investors. The OTCQX market is an effective alternative for Avalon that has grown considerably since the company first began trading there in 2009."
Dorsey & Whitney LLP serves as Avalon's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Avalon Rare Metals, headquartered in Toronto, is a Canadian mineral development company with a primary focus on rare metals and minerals. The company specializes in niche market metals and minerals with growing demand in new technology. It has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project near Kenora, Ontario and its East Kemptville Tin-Indium Project in Yarmouth, Nova Scotia.
About OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets 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 markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. 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 markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
SOURCE OTC Markets Group Inc.