NEW YORK, Oct. 1, 2018 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000
U.S. and global securities, today announced Phoenix Global Mining
Ltd (LSE: PGM; OTCQX: PGMLF), a metal explorer and developer
focused on advancing the Empire Mine in Idaho, has qualified to trade on the OTCQX®
Best Market.
Phoenix Global Mining begins trading today on OTCQX under the
symbol "PGMLF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We congratulate, and are pleased to welcome, Phoenix Global
Mining to our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of
Corporate Services at OTC Markets Group. "Phoenix Global Mining
joins a robust roster of U.K. companies that benefit from
cross-trading their shares on our premium market. A study by Oxford
Metrica showed that international companies that cross-trade on
OTCQX, on average, see a 28% increase in home market
liquidity."
Marcus Edwards-Jones, Chairman of
Phoenix Global Mining, commented, "I am delighted to announce that
we are qualified to trade on the OTCQX Best Market and believe that
it will be a transformational step for the company, supporting us
through our next stage of development. With all of our assets based
in North America, and a strong
focus on Idaho, it is also
appropriate that US investors will be able to trade the Company's
shares on a U.S. Market."
"We are confident that being traded on the OTCQX Best Market
will offer increased liquidity and improved access to institutional
and retail investors in the U.S. The Company had noticed notable
demand for its shares in the U.S. although, up until now, North
American investors have found it difficult to purchase Phoenix shares."
Phoenix Global Mining Ltd was sponsored for OTCQX by B. Riley
& Co., LLC, a qualified third-party firm responsible for
providing guidance on OTCQX requirements and recommending
membership.
About Phoenix Global Mining Ltd
Phoenix Global Mining
Ltd (AIM: PGM; OTCQX: PGMLF) is a North American focused, base and
precious metal explorer and developer, which is fast-tracking the
historically-producing Empire Mine in Idaho, USA, back into production, and
exploring for cobalt in Idaho and
gold in Canada.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture
Market and the Pink® Open Market for 10,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC,
member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.