NEW YORK, Aug. 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, announced that MBAC Fertilizer Corp. (OTCQX: MBCFF; TSX: MBC), operator of a phosphate mine and mill in Brazil, is now trading on the highest tier of the OTC market, OTCQX®.
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MBAC Fertilizer began trading yesterday 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.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased that MBAC Fertilizer has chosen to join OTCQX."
Berns & Berns, Counsellors at Law will serve as MBAC Fertilizer's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About MBAC Fertilizer Corp.
MBAC Fertilizer Corp. (OTCQX: MBCFF; TSX: MBC) trades in the United States on OTCQX under the symbol "MBCFF." MBAC Fertilizer Corp. is focused on becoming a significant integrated producer of phosphate and potash fertilizers in the Brazilian and Latin American markets. The Company currently operates the Itafos phosphate mine in central Brazil in which it is currently undergoing a significant expansion program expected to be completed by Q3 2012. MBAC’s exploration portfolio includes a number of exciting phosphate and potash projects. The Company continues to search for additional fertilizer opportunities in its target markets, where strong agricultural fundamentals and unique opportunities are expected to provide attractive growth opportunities in the near future.
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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