NEW YORK, Oct. 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 Lynas Corporation Ltd. (OTCQX: LYSDY; ASX: LYC), an
ASX 100 listed company focused on Rare Earth minerals, has chosen
to have its American Depositary Receipts (ADRs) traded on the
highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
"Investors prefer the quality-controlled admission process on
OTCQX which identifies the segment of OTC companies focused on
valuation and transparency," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome Lynas to OTCQX."
Lynas began trading today on the OTC market's highest tier,
OTCQX International Premier. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcqx.com and www.otcmarkets.com.
BNY Mellon will serve as Lynas' Principal American Liaison
("PAL") on OTCQX, responsible for providing guidance on OTCQX
requirements.
About Lynas Corporation Ltd.
Lynas Corporation Ltd. (OTCQX: LYSDY; ASX: LYC) trades in
the United States on OTCQX under
the symbol "LYSDY", where each ADR represents 1 ordinary share.
Lynas Corporation Ltd is an ASX 100 listed company, with the
strategy to create a reliable, fully integrated source of Rare
Earths from mine through to market, and to become the benchmark for
security of supply and a world leader in quality and environmental
responsibility in the global Rare Earths industry.
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. 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.
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SOURCE OTC Markets Group Inc.