NEW YORK, Feb. 10, 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 Terra Ventures Inc. (TSXV: TAS;OTCQX: TASFF), an exploration company focused on acquiring and developing uranium projects, is now trading on the OTC market's highest tier, OTCQX®.
Terra Ventures 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.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Terra Ventures to OTCQX."
Dorsey & Whitney LLP will serve as Terra Ventures' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Terra Ventures Inc.
Terra Ventures (TSXV: TAS;OTCQX: TASFF) is a junior exploration company focused on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, prospective exploration projects and no risk carried interest projects - combined with technical expertise and management's fundraising ability - are the foundation for growth in the uranium business. The Company is also committed to leveraging trends in potentially high growth resource markets by investing in the mining and development of such minerals as Gold.
Terra's two main assets are a carried interest in Hathor Explorations Midwest Northeast Property containing the Roughrider deposit - 27.88MM lbs U3O8 at 2.88% including 24.2MM lbs at 11.7%. An updated resource estimate incorporating Roughrider Zone east is due out Q1 2011. Terra's interest is fully carried to completion of bankable feasibility study. As well Terra recently acquired 3 claims adjoining the Wheeler River property of Denison Mines Corp. (60%), Cameco Corp. (30%) containing the "Phoenix deposit" - 39MM lbs U3O8 at 17.99%. These projects are subject of historic drilling showing broad zones of clay alteration of the type that is always associated with unconformity-type mineralization. There is also 4.5km of quartzite ridge similar to McArthur River and Phoenix deposit and airborne EM surveys have defined conductors. Terra plans a program of ground geophysics (IP, resistivity and seismic surveys) on the properties followed by an aggressive diamond drilling program.
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.