NEW YORK, March 28, 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 Industrial Minerals Corporation Limited ("Industrial Minerals") (ASX: IDM; OTCQX: ILMCY), a minerals processing company focused on developing the Southern Oregon Mineral Sands project, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Industrial Minerals 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.
"Investor-focused companies use the quality-controlled OTCQX platform to offer their investors transparent trading, superior information and easy access through their regulated U.S. broker-dealers," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Industrial Minerals to OTCQX."
INTL Trading, Inc. will serve as Industrial Minerals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Industrial Minerals Corp.
Industrial Minerals Corporation Limited (ASX: IDM; OTCQX: ILMCY) trades in the United States on OTCQX under the symbol "ILMCY," where each ADR represents 20 ordinary shares. Industrial Minerals Corporation owns 100% of Oregon Resources Corporation (ORC) which is developing the Southern Oregon Mineral Sands project covering approximately 2,600 acres of terraced mineral sands properties near Coos Bay in southwestern Oregon.
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.