NEW YORK, Aug. 24, 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, announced
that Northern Graphite Corp. (OTCQX: NGPHF; TSX.V: NGC), a Canadian
mining company, is now trading on the highest tier of the OTC
market, OTCQX®.
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Northern Graphite 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
Northern Graphite to OTCQX."
Hodgson Russ LLP will serve as Northern Graphite's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements.
About Northern Graphite Corp.
Northern Graphite Corp. (OTCQX: NGPHF; TSX.V: NGC) trades in
the United States on OTCQX under
the symbol "NGPHF." Northern's principal asset is the Bissett Creek
graphite project located 100km east of North Bay, Ontario and close to major
infrastructure. The Company expects to complete a bankable
feasibility study and all required permitting and be in a position
to commence construction of the mine early in 2012. Graphite prices
have tripled due to rapidly growing steel and automotive demand in
emerging markets. New uses such as Li ion batteries, fuel
cells and nuclear power have the potential to create substantial
additional demand. Both the EU and the USA have named graphite a supply critical
mineral due to the fact that 70% is produced by China and export duties and licenses have been
imposed. .
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.