NEW YORK, May 30, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Lakeland Resources Inc. (TSX-V: LK; OTCQX: LRESF), a uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Lakeland begins trading today on OTCQX under the symbol "LRESF." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Lakeland to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Lakeland joins a growing number of established Canadian companies that are choosing to trade on OTCQX to distinguish themselves and increase their visibility with U.S. investors. We look forward to working with Lakeland as the company continues to provide transparent trading and convenient access to its news and financial disclosure in the U.S."
"Commencing trading in the United States on the OTCQX is an important step for Lakeland Resources as we continue to grow and expand our shareholder base globally," said Jonathan Armes, President and CEO of Lakeland. "The United States is an important market to be active in and we look forward to the increased visibility and exposure that this new listing will offer."
Burns, Figa and Will P.C. serves as Lakeland's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada, home to some of the world's largest and richest high-grade uranium deposits.
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.
SOURCE OTC Markets Group Inc.