NEW YORK, March 7, 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 Oceanic Iron Ore Corp. (TSX.V: FEO; OTCQX: FEOVF), a mineral resource company focused on the development of the Ungava Iron properties, is now trading on the OTC market's highest tier, OTCQX®.
"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 Oceanic Iron Ore Corp. to OTCQX."
SecuritiesLawUSA, PC will serve as Oceanic Iron Ore's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Oceanic Iron Ore Corp.
Oceanic Iron Ore Corp. (TSX.V: FEO; OTCQX: FEOVF) trades in the United States on OTCQX under the symbol "FEOVF". Oceanic Iron Ore Corp. is a mineral resource company focused on the development of the Ungava Iron properties, which are located along the northern extension of the Labrador Trough in the Nunavik Region of Quebec, Canada.
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.