NEW YORK, March 3, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Athabasca Uranium Inc. (TSX.V: UAX; OTCQX: ATURF), a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin, is now trading on the OTC market's highest tier, OTCQX®.
"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 Athabasca Uranium to OTCQX."
Athabasca Uranium began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"OTCQX provides an opportunity for potential new shareholders to become familiar with a rapidly developing uranium exploration company focused on exciting new projects in the Athabasca Basin in Canada, the hottest uranium-producing region in the world," stated Gil Schneider, President and CEO of Athabasca Uranium. "With oil prices on the rise, giving a large new base of potential shareholders market access to a safe, clean energy alternative through OTCQX is an excellent opportunity for us."
Berenbaum Weinshienk PC will serve as Athabasca Uranium's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and compliance with U.S. securities law.
About Athabasca Uranium Inc.
Athabasca Uranium Inc. (TSX.V: UAX; OTCQX: ATURF) trades in the United States on OTCQX under the symbol "ATURF". Athabasca Uranium Inc. is a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, Canada, home to some of the world's highest grade uranium deposits and mines.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.