NEW YORK, Nov. 15, 2010 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Philippine Metals Inc. (TSX.V: PHI; OTCQX: PHIXF) an exploration company focused on copper and copper-gold in the Philippines, is now trading on the OTC market's highest tier, OTCQX®.
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"We are pleased to welcome Philippine Metals to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC market."
Philippine Metals Inc. 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.
"Joining OTCQX is part of Philippine Metals' aggressive growth plan of advancing our three current projects, increasing liquidity and market capitalization, and growing the company to be a leader in project development and project generation," stated Feisal Somji, Chief Executive Officer of Philippine Metals. "In doing so we are pleased to be able to provide U.S. investors a platform to trade our stock and access full information about our company."
Hodgson Russ LLP will serve as Philippine Metals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Philippine Metals Inc.
Philippine Metals Inc. (TSX.V: PHI; OTCQX: PHIXF) trades in the United States on OTCQX under the symbol "PHIXF". Philippine Metals Inc. is focused on the exploration, discovery and development of highly prospective copper and copper-gold deposits in the Philippines. Based on the region's geological environment, the company's management team recognizes the country's potential for hosting large, world-class deposits of copper and copper-gold.
The Company's initial projects, Taurus, Malitao and Dilong, are examples of management's ability to source quality, highly prospective targets. The management team combines strong financial capabilities with world-class experience in mineral exploration, discovery and mine development.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].
SOURCE Pink OTC Markets Inc.
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