NEW YORK, May 17, 2013 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced that Confederation
Minerals, Ltd. (OTCQX: CNRMF; TSX.V: CFM), a company dedicated to
the acquisition and development of mineral deposits within
North America, has chosen to trade
on OTCQX®, the best OTC marketplace with qualified companies.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Confederation Minerals began 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 are pleased Confederation Minerals has chosen to upgrade to
OTCQX," said R. Cromwell Coulson,
President and CEO of OTC Markets Group. "OTCQX is the best
OTC marketplace offering qualifying companies like Confederation
Minerals the means to enhance their U.S. shareholder base through
high-quality disclosure, transparent trading and ease of access to
company information."
"We are proud to join OTCQX, which signals our commitment to
providing our U.S. investors with timely news and information to
help them better analyze, value and trade our securities," said
Brian Bapty, President of
Confederation Minerals.
Scarsdale Equities LLC will serve as Confederation Minerals'
Principal American Liaison ("PAL") on OTCQX, responsible for
providing professional guidance on OTCQX requirements.
Confederation Minerals is a British
Columbia-based company engaged in the business of
acquisition, exploration and development of mineral
properties. Its objective is to locate and develop economic
precious and base metals properties of merit. The company
holds an Option Agreement to acquire up to 70% of the Newman Todd
project in the Red Lake Mining District of Northern Ontario.
Confederation Minerals trades in the U.S. on OTCQX under the
symbol "CNRMF."
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.