NEW YORK, Feb. 29, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for OTC-traded equities, announced that Formation Metals, Inc. (OTCQX: FMETF; TSX: FCO), a mineral exploration, development, and refining company, is now trading on the highest tier of the OTC market, OTCQX®.
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Formation Metals 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.
"The OTCQX platform supports a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Formation Metals to OTCQX."
Merriman Capital, Inc. will serve as Formation Metals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Formation Metals, Inc.
Formation Metals, Inc. (OTCQX: FMETF; TSX: FCO) trades in the United States on OTCQX under the symbol "FMETF", and in Canada on the TSX under the symbol "FCO". Formation Metals Inc. is a well-established mineral exploration, development, and refining company dedicated to the principles of environmentally sound mining and refining practices. The Company owns a primary cobalt deposit in the state of Idaho which is currently under construction, and has interest in other projects in North America.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.
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