NEW YORK, Feb. 25, 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 Musgrove Minerals Corp. (TSX.V: MGS;OTCQX: MGSGF), a Canadian-based mining and exploration company, is now trading on the OTC market's highest tier, OTCQX®.
Musgrove 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.
"Companies use OTCQX to expand their access to investors, engage them with quality disclosure of their financials, and provide trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Musgrove Minerals to OTCQX."
Merriman Capital, Inc. will serve as Musgrove Minerals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Musgrove Minerals Corp.
Musgrove Minerals Corp. (TSX.V: MGS;OTCQX: MGSGF), trades in the United States on OTCQX under the symbol "MGSGF". Musgrove Minerals is a Canadian-based mining and exploration company. The company is currently exploring four advanced exploration-stage projects: the Empire Mine Copper Gold Project in Idaho; the Musgrove Creek Gold Project in Idaho; the Charay Gold Property in Sinaloa, Mexico; and the Vianey Mine Silver Project in Guerrero State, Mexico, of which it owns a 50% interest.
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.