Potash West NL Joins OTCQX
NEW YORK, Oct. 18, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Potash West NL (OTCQX: PWNNY; ASX: PWN), an exploration company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest OTC marketplace, OTCQX®.
Potash West NL 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 provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Potash West to OTCQX."
INTL FCStone Securities Inc. will serve as Potash West's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Potash West NL
Potash West NL (OTCQX: PWNNY; ASX: PWN) trades in the United States on OTCQX under the symbol "PWNNY", where each ADR represents 40 ordinary shares. Company is looking to produce Potash from a deposit of Glauconite, located close to Perth, in Western Australia. Aiming to satisfy a market currently supplied from the Northern Hemisphere.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for investors to easily trade almost 10,000 equity and debt securities through the broker of their choice. Our OTC Link® ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into tiered marketplaces to 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 efficient trading through any broker 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 smarter 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.