NEW YORK, June 23, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Alabama Graphite Corp. (TSX-V: ALP; OTCQX: ABGPF), a graphite exploration and development company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Alabama Graphite begins trading today on OTCQX under the symbol "ABGPF." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Alabama Graphite to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "By joining OTCQX, Alabama Graphite is taking the important step of ensuring its U.S. investors will have transparent trading and convenient access to its news and financial disclosure. We look forward to working with the company and its management team for many years to come."
"Being the first Canadian company to graduate from the OTCQB venture stage marketplace to OTCQX is an important milestone for Alabama Graphite," said Ron S. Roda, President and CEO of Alabama Graphite. "Trading on OTCQX is a natural step for Alabama Graphite as our flagship project is located in Coosa County, Alabama, USA. This will allow us to increase awareness with U.S. investors allowing current and future investors more efficient access and liquidity to our stock in the United States."
Burns, Figa and Will P.C. serves as Alabama Graphite's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
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; OTCQB®, The Venture Stage 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 regulated ATS.
About Alabama Graphite
Alabama Graphite Corp.'s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development on its flagship project "The Coosa Graphite Project" in Coosa County, Alabama, USA. The project encompasses over 40,000 acres and is located in an area with significant historical production of crystalline flake graphite. The Coosa Graphite project is 100% owned by Alabama Graphite and on private land. The Company's property has in place critical infrastructure, is within close proximity to transportation routes and a hospitable climate allowing for year-round production and delivery. The Company published an inaugural mineral resource estimate in July 2013, which was revised in March 2014, is continuing to define the footprint of the "The Coosa Graphite Project" and will look to start work on the 100% owned "Hearst Graphite Property" in Northern Ontario. For further information and updates on the Company please visit www.alabamagraphite.com.
SOURCE OTC Markets Group Inc.