Australian American Mining Corporation Limited Joins OTCQX

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Jan 12, 2012, 07:00 ET

NEW YORK, Jan. 12, 2012 /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 Australian American Mining Corporation Limited (OTCQX: MNOMY; ASX: AIW), an exploration and development company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.

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Australian American Mining 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.otcmarkets.com.

"Investor-focused companies use the quality-controlled OTCQX platform to offer their investors transparent trading, superior information and easy access through the U.S. broker of their choice," stated R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Australian American Mining to OTCQX."

JP Morgan will serve as Australian American Mining's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Australian American Mining Corporation Limited

Australian American Mining Corporation Limited (OTCQX: MNOMY; ASX: AIW) trades in the United States on OTCQX under the symbol "MNOMY", where each ADR represents 10 ordinary shares. Australian American is an exploration and development company listed on the ASX. It is currently developing a rare earth project in Arizona, a gold project in Arizona and uranium projects in Nevada, New Mexico and Texas.

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), OTCQB® (the venture marketplace), and OTC Pink™ (the open 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.