NEW YORK, Feb. 23, 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, today announced that Alkane Resources Ltd. (ASX: ALK; OTCQX: ANLKY), a multi commodity explorer and miner, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Alkane Resources 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 Alkane Resources to OTCQX."
BNY Mellon will serve as Alkane Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Alkane Resources Ltd.
Alkane Resources Ltd. (ASX: ALK; OTCQX: ANLKY) trades in the United States on OTCQX under the symbol "ANLKY", where each ADR will represent 10 ordinary shares. A multi commodity explorer and miner, focused in the Central West of New South Wales, Australia. The Company's major projects include the Dubbo Zirconia Project, an advanced development of a world class resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earths, the Tomingley Gold Project, the large McPhillamys gold project in joint venture with Newmont, and the Wellington/Galwadgere copper-gold project.
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. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. 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.
SOURCE OTC Markets Group Inc.