NEW YORK, Sept. 28, 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 over-the-counter ("OTC")
stocks, announced that Merrex Gold Inc. (OTCQX: MXGIF; TSX.V: MXI),
a Canadian resource exploration company, is now trading on the
highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Merrex Gold 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
Merrex Gold to OTCQX."
INTL Trading, Inc. will serve as Merrex Gold's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements and U.S. securities laws.
About Merrex Gold Inc.
Merrex Gold Inc. (OTCQX: MXGIF; TSX.V: MXI) trades in
the United States on OTCQX under
the symbol "MXGIF", and in Canada
on TSX Venture under the symbol "MXI". Merrex Gold Inc. is a
Canadian resource exploration company. The 327 square mile (848
km2) Siribaya Gold Project in West Mali is Merrex's flagship
property. The Siribaya Gold Project is being explored in
conjunction with Merrex's 50% earn-in partner and project operator
IAMGOLD Corporation. The 2011 exploration program within the
Siribaya mega-structure includes 30,000 metres of RC drilling to
further extend and define the footprint of the explored strike
length of the Siribaya trends from three to seven kilometers of
which 21,506 metres were completed prior to the commencement of the
seasonal rains, and 10,000 metres of diamond drilling to increase
the present NI 43-101 resource estimate of which 6,571 metres were
completed prior to the commencement of the seasonal rains.
Substantial numbers of assays from both the RC and diamond drilling
programs remain outstanding.
Outside of the Siribaya structures new mineralized trends have
been discovered; Siribaya West which lies to the west of the
Bambadinka Trend, and the Babara-Kofia trends which lie to the east
of Siribaya on the Babara and Kofia permits. These trends
will be further tested during the 2011 and 2012 field seasons. For
further details about the Siribaya Gold Project visit Merrex's
website at www.merrexgold.com.
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.