NEW YORK, April 8, 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 Stans Energy Corp. (TSX.V: RUU;OTCQX: HREEF),a company focused on developing properties containing rare earth elements, is now trading on the OTC market's highest tier, OTCQX®.
Stans Energy began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC-traded companies focused on valuation and transparency," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Stans Energy to OTCQX."
Merriman Capital, Inc. will serve as Stans Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements. Merriman Capital is a member of FINRA and SIPC.
About Stans Energy Corp.
Stans Energy Corp. (TSX.V: RUU;OTCQX: HREEF) trades in the United States on OTCQX under the symbol "HREEF". Stans Energy Corp. is focused on developing properties containing rare earth elements (REEs), uranium, and associated metals. The company continuously examines and evaluates new opportunities to acquire and develop proven resource properties in areas of the former Soviet Union. Existing investors please note that Stans Energy's trading symbol has changed from STZYF to HREEF.
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.