NEW YORK, July 15, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Chilean Metals Inc. (TSX-V: PBX; OTCQX: CMETF), a junior mineral exploration company, has qualified to trade on OTCQX®, the best marketplace.
Chilean Metals begins trading today on OTCQX under the symbol "CMETF." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Chilean Metals to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Joining OTCQX will enable Chilean Metals to provide its U.S. investors with transparent trading and convenient access to its news and disclosure so they can more easily analyze, value and trade its securities. We commend the company for taking this important step and wish it success in its future growth."
"We feel that upgrading to the OTCQX marketplace is the ideal way for us to reach our new and existing U.S. investors. The U.S. capital markets are the biggest and best in the world and we believe they will have a very positive role to play in the development of our company," commented Chilean Metals CEO Terry Lynch.
Merriman Capital, Inc. serves as Chilean Metals' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Chilean Metals Inc. an exploration stage mining company owns six 100%-owned properties comprising over 50,000 acres strategically located in the prolific IOCG ("Iron oxide-copper-gold") belt of Chile. Two of these projects are under review by third parties for possible purchase or joint venture. In addition Chilean Metals owns a 3% net smelter royalty (NSR) received from the recent sale of its Copaquire project to the Chilean subsidiary of Teck Resources Inc. Copaquire was adjacent Teck's operating Quebrada Blanca mine. Teck has the option to buy back 1% of the NSR for US$3 million at any time.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces 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 marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. 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 marketplaces, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.