Business
Medallion's shares commence trading on the U.S. OTCQX
Feb. 8, 2011 (TheNewswire.ca) -- Vancouver, BC - Medallion Resources Ltd (TSXV:MDL) (TSX-V: ...
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\nMedallion's shares commence trading on the U.S. OTCQX\n\n\n Feb. 8, 2011 (TheNewswire.ca) -- Vancouver, BC - Medallion Resources Ltd (TSXV:MDL) (TSX-V: MDL; OTCQX: MLLOF - \"Medallion\" or the \"Company\") is pleased to announce that the Company's shares commenced trading today on the U.S. Over-the-Counter (OTC) market's highest tier, OTCQX®, under the symbol MLLOF. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.OTCQX.com and www.OTCMarkets.com.The OTCQX is the most prestigious of the three OTC tiers and is recognized as a quality-controlled marketplace for investor-friendly companies. The OTC market is the world's largest electronic marketplace for broker-dealers to trade over 10,000 unlisted securities. In 2010, securities on the OTC platform 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.\"Companies use the OTCQX marketplace to expand their access to investors, engage them with quality disclosure of their financials, and provide trading transparency to stimulate liquidity,\" said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. \"We are pleased to welcome Medallion Resources to OTCQX.\"Medallion has engaged the services of Merriman Capital, Inc. to serve as the Company's Principal American Liaison (\"PAL\") on OTCQX and to provide guidance on OTCQX requirements. Merriman Capital is a wholly-owned subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR), a financial services firm based in San Francisco, focused on fast-growing companies and their institutional investors.\"We are very pleased to join the impressive and rapidly growing list of international companies whose shares trade on the OTCQX. In keeping with our plans to increase recognition for Medallion outside of Canada, the OTCQX platform offers U.S. investors greater trading liquidity with an improved marketplace that is both efficient and transparent,\" commented Medallion President Donald Lay.About Medallion ResourcesMedallion Resources Ltd (TSX-V: MDL; OTCQX: MLLOF) is exploring for large, low-production-cost, heavy-rare-earth-element (REE) deposits with straightforward metallurgy and cost-effective infrastructure. Headed by Dr. Bill Bird and supported by a technical team second to no...