Magna Resources Ltd. Begins Trading on OTCQX®
NEW YORK, Aug. 15, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Magna
Resources Ltd. (OTCQX: MGRZF; CNSX: MNA), a company that is
dedicated to the acquisition and development of potash mineral
deposits in the U.S. and elsewhere, has been approved to trade on
OTCQX®, the best marketplace with qualified companies.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Magna Resources 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,
undergo management reviews 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 to welcome Magna Resources to OTCQX," said
R. Cromwell Coulson, President and
CEO of OTC Markets Group. "OTCQX provides qualifying
companies the ability to distinguish themselves in the U.S. market
and increase their visibility with traders, investors, analysts and
the media through high-quality disclosure, transparent trading and
ease of access to company information. We look forward to
supporting the management team at Magna as they continue to grow
the company and provide a robust public market for their
shares."
"Trading on the OTCQX marketplace will help broaden and enhance
Magna's investor reach by facilitating a larger number of U.S.
brokers to market our shares and providing U.S. investors clear
access to trade in our stock," said Mike
Sieb, Magna's President. "The current strength in the
U.S. markets combined with the advancement of our U.S.-based major
asset makes OTCQX marketplace an ideal trading venue to contribute
significantly to the growth of the company."
Scarsdale Equities LLC will serve as Magna Resources' Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements.
Magna Resources is dedicated to the acquisition and development
of potash mineral deposits in the USA and elsewhere, and trades on the Canadian
National Stock Exchange under the symbol "MNA" and in the U.S. on
OTCQX under the symbol "MGRZF." The company holds certain
potash leases and an option in respect of certain potash lease
applications in the state of Utah
that constitute the Green River Potash Project, host to a
significant potash exploration target through a wholly owned
subsidiary, American Potash LLC, a Nevada limited liability corporation.
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.