NEW YORK, March 6, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Cayden
Resources, Inc. (TSX-V: CYD; OTCQX: CDKNF), a Canadian mineral
exploration company, has been approved to trade on OTCQX®, the best
marketplace with qualified companies.
Cayden Resources begins trading today on OTCQX International, a
segment of the OTCQX marketplace reserved for high-quality non-U.S.
companies that are listed on a qualified international exchange and
provide their home country disclosure to U.S. investors. U.S.
investors can find current financial disclosures and Real-Time
Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Cayden Resources to the OTCQX marketplace," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "By trading on OTCQX, Cayden will
provide U.S. investors transparent trading and convenient access to
its news and financial information. We look forward to
working with Cayden's management team as they grow the company's
visibility in the U.S. market."
Ivan Bebek, President and CEO of
Cayden Resources, Inc., stated, "Trading on OTCQX will improve
Cayden's ability to access the U.S. capital markets which will
complement the effort to considerably broaden our U.S. shareholder
base. We are excited about this move as the OTCQX offers our
existing U.S. shareholders a more transparent and efficient
platform to attain quotations and trade our securities."
Sanders Ortoli Vaughn-Flam Rosenstadt LLP serves as Cayden
Resources' Principal American Liaison ("PAL") on OTCQX, responsible
for providing professional guidance on OTCQX requirements and U.S.
securities laws.
Cayden Resources is a Canada-based exploration company focused on
the discovery, financing, and monetization of precious metal assets
in two favorable mining jurisdictions in Mexico. The management team of Cayden is
highly experienced and has a record of success in the mineral
exploration business.
Cayden Resources will trade in the U.S. on OTCQX under the
symbol "CDKNF."
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 with Qualified Companies; OTCQB®, The Venture
Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The
Open Marketplace with Variable Reporting Companies. 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.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.