NEW YORK, Oct. 15, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Alumina Limited (ASX: AWC;OTCQX: AWCMY, AWCMF), a worldwide investor in bauxite mining and alumina refining through Alcoa World Alumina & Chemicals, has qualified to trade on the OTCQX® Best Market in the U.S.
Alumina begins trading today on OTCQX under the symbols "AWCMY" and "AWCMF." Each American Depositary Receipt (ADR) represents four ordinary shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome Alumina Limited, one of Australia's top 100 largest companies, to the OTCQX family," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Alumina joins a growing number of large, global companies that have chosen to join OTCQX to provide a superior trading experience for their U.S. investors and convenient access to their news and disclosure. We look forward to supporting Alumina in its continued growth and future success."
Peter Wasow, CEO of Alumina Limited, commented, "We believe that Alumina Limited's inclusion on the OTCQX will provide increased transparency and enhance access to our shares."
BNY Mellon serves as Alumina's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Alumina and its' subsidiaries strategy is to invest worldwide in bauxite mining, alumina refining and selected aluminum smelting operations through its 40% ownership of Alcoa World Alumina & Chemicals (AWAC), the world's largest alumina business. AWAC is a joint venture with Alcoa Inc. AWAC is 60% owned and managed by Alcoa Inc. and 40% owned by Alumina Limited.
About OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets 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 markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. 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 markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.