NEW YORK, June 21, 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 Lithium Americas Corp. (TSX: LAC; OTCQX: LHMAF), a junior exploration company focused on the exploration for lithium, potassium, borax and other minerals in South America, is now trading on the highest tier of the OTC market, OTCQX®.
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Lithium Americas 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 companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Lithium Americas Corp. to OTCQX."
Stifel, Nicolaus & Company, Incorporated will serve as Lithium Americas' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Lithium Americas Corp.
Lithium Americas Corp. (TSX: LAC; OTCQX: LHMAF) trades in the United States on OTCQX under the symbol "LHMAF". Lithium Americas Corp. is a junior exploration company focused on the exploration for lithium, potassium, borax and other minerals in South America. The Company currently has rights over approximately 146,821 ha in five salt lakes in the Jujuy and Salta Provinces of Argentina. The Company's principal properties comprise a significant portion of two adjacent salt lakes, Cauchari and Olaroz. located in Jujuy, Argentina. The Company also holds exploration prospects within 3 other salt lakes in the Puna Plateau, Argentina, aggregating to approximately 82,249 ha.
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.
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SOURCE OTC Markets Group Inc.
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