NEW YORK, Feb. 7, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Quaterra Resources Inc. (OTCQX: QTRRF), a junior mining company with assets in Nevada and central Mexico, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Quaterra begins 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 and provide their home country disclosure to U.S. investors. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Quaterra has chosen to join OTCQX, our best marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will allow Quaterra to preserve a high-quality trading and information experience for its investors and a commitment to shareholder value. We look forward to working with Quaterra's management team during this transition."
Said Quaterra President and CEO Steven Dischler, "We are committed to serving our U.S. investors by providing them with access to the enhanced U.S.-based trading platform offered by OTCQX. OTCQX has earned a reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers."
Scarsdale Equities LLC serves as Quaterra's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Quaterra is a junior exploration and development company focused on developing its 100%-owned copper portfolio in Yerington, Nevada. The company also has two joint ventures with Freeport-McMoRan Mineral Properties Inc. in the U.S. and a strategic alliance with Goldcorp in central Mexico. Non-core assets are being reviewed for possible monetization Quaterra moves forward with advancing its copper assets.
Quaterra will trade in the U.S. on OTCQX under the symbol "QTRRF."
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.