NEW YORK, Oct. 26, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF), a Canadian mining company focused on advancing its three principal projects in Sub-Saharan Africa, has qualified to trade on the OTCQX® Best Market. Ivanhoe Mines upgraded to OTCQX from the Pink® market.
Ivanhoe Mines begins trading today on OTCQX under the symbol "IVPAF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX will allow Ivanhoe Mines to efficiently leverage its existing Toronto Stock Exchange listing to build visibility, expand access to its news and financial disclosure and provide a more transparent trading market for U.S. investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We look forward to supporting Ivanhoe Mines and its shareholders in the public markets."
"We have been fortunate to enjoy the longstanding support of prominent, U.S.-based institutions during the building of our company," said Ivanhoe Mines' Executive Chairman Robert Friedland. "Significant advances that we've reported in the work in progress at our three outstanding mine development projects in Sub-Saharan Africa are helping to generate growing investor awareness and interest in Ivanhoe. In the United States, this timely upgrade to OTCQX will provide improved accessibility and liquidity for a broad range of private and institutional investors."
Dorsey & Whitney LLP serves as Ivanhoe Mines' OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements.
Ivanhoe Mines is advancing its three principal projects in Sub-Saharan Africa: Mine development at the Platreef platinum-palladium-gold-nickel-copper discovery on the Northern limb of South Africa's Bushveld Complex; mine development and exploration at the Kamoa Copper Project - which includes the Kakula high grade copper discovery - on the Central African Copperbelt in the DRC; and upgrading and exploration at the historic, high-grade Kipushi zinc-copper-lead-germanium mine, also on the DRC's Copperbelt.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
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SOURCE OTC Markets Group Inc.