NEW YORK, June 28, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that operates the world's largest Open, Transparent and Connected marketplace platform, today announced that Peak Resources Ltd. (OTCQX: PKRLY; ASX: PEK), a company engaged in the exploration and evaluation of mineral licenses in Australia and Tanzania, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Peak Resources began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Peak Resources to OTCQX."
Roth Capital Partners, LLC will serve as Peak Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Peak Resources Ltd.
Peak Resources Ltd. (OTCQX: PKRLY; ASX: PEK) trades in the United States on OTCQX under the symbol "PKRLY", where each ADR represents 20 ordinary shares. Peak Resources Limited aims to develop itself into a medium sized mining house based on exploration and development of its highly prospective exploration portfolio.
The Company's focus is the development of the Ngualla Rare Earth Project in southern Tanzania. Ngualla is a large new high grade rare earth discovery that ranks as the fifth largest deposit outside of China. Additionally, Peak holds gold exploration projects in the prolific Lake Victoria Gold Fields region of northern Tanzania.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and Connected financial marketplace platform, delivering price transparency in almost 10,000 OTC securities. The OTC Link® ATS directly links broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded securities into three marketplaces to inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our financial marketplace platform enables smarter trading through any broker at the best possible price, and empowers companies to improve the quality and availability of information for their investors. To learn more about our Open, Transparent and Connected financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
SOURCE OTC Markets Group Inc.