Magellan Minerals [MNM: TSX-V] - Magellan Minerals Joints OTCQX International Marketplace
Magellan Minerals Joins OTCQX International Marketplace
Vancouver, B.C., January 17, 2012 – Magellan Minerals Ltd. (TSX-V: MNM, OTCQX: MAGNF) (“Magellan” or the “Company”) is pleased to announce that the Company’s shares will commence trading on January 17, 2012, on the OTCQX International Marketplace (“OTCQX”), the top tier in the U.S. OTC markets, under the symbol “MAGNF”.
Magellan has retained Stifel, Nicolaus & Company, Incorporated to serve as the Company’s Principal American Liaison (“PAL”) and provide continued guidance on OTCQX requirements.
Alan Carter, President and CEO stated, “We are pleased to announce our trading on the OTCQX International Marketplace. The OTCQX will enhance liquidity by providing U.S. investors the ease of access to our stock through their U.S. regulated broker-dealers.”
Investors can find current financial disclosure, real-time Level 2 quotes for Magellan’s shares and further information at www.otcqx.com and www.otcmarkets.com.
The Company’s shares will remain listed and continue to trade on the TSX Venture Exchange under the symbol “MNM”.
About the OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade securities not listed on a U.S. Stock Exchange. OTC’s LinkTM platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. OTC Markets Group categorizes the wide spectrum of OTC-traded companies into three tiers – OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the venture marketplace), and OTC Pink™ (the open marketplace) – so investors can identify the level and quality of information companies provide.
Magellan Minerals also announced today that its company information will be made available via S&P Capital IQ’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of S&P Capital IQ’s MarketScope Advisor. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. MarketScope Advisor is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://advisor.marketscope.com
In addition, information about companies in S&P Capital IQ’s Market Access Program will be available via the firm’s Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of Magellan Minerals will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.
Magellan Minerals Ltd. (TSX-V: MNM, OTCQX: MAGNF) is a TSX Venture Exchange and OTCQX listed exploration company with a number of gold exploration properties in the Tapajos region of northern Brazil and is focused on the Cuiu Cuiu and Coringa.
Magellan Minerals Joins OTCQX International Marketplace
Vancouver, B.C., January 17, 2012 – Magellan Minerals Ltd. (TSX-V: MNM, OTCQX: MAGNF) (“Magellan” or the “Company”) is pleased to announce that the Company’s shares will commence trading on January 17, 2012, on the OTCQX International Marketplace (“OTCQX”), the top tier in the U.S. OTC markets, under the symbol “MAGNF”.
Magellan has retained Stifel, Nicolaus & Company, Incorporated to serve as the Company’s Principal American Liaison (“PAL”) and provide continued guidance on OTCQX requirements.
Alan Carter, President and CEO stated, “We are pleased to announce our trading on the OTCQX International Marketplace. The OTCQX will enhance liquidity by providing U.S. investors the ease of access to our stock through their U.S. regulated broker-dealers.”
Investors can find current financial disclosure, real-time Level 2 quotes for Magellan’s shares and further information at www.otcqx.com and www.otcmarkets.com.
The Company’s shares will remain listed and continue to trade on the TSX Venture Exchange under the symbol “MNM”.
About the OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade securities not listed on a U.S. Stock Exchange. OTC’s LinkTM platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. OTC Markets Group categorizes the wide spectrum of OTC-traded companies into three tiers – OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the venture marketplace), and OTC Pink™ (the open marketplace) – so investors can identify the level and quality of information companies provide.
Magellan Minerals also announced today that its company information will be made available via S&P Capital IQ’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of S&P Capital IQ’s MarketScope Advisor. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. MarketScope Advisor is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://advisor.marketscope.com
In addition, information about companies in S&P Capital IQ’s Market Access Program will be available via the firm’s Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of Magellan Minerals will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.
Magellan Minerals Ltd. (TSX-V: MNM, OTCQX: MAGNF) is a TSX Venture Exchange and OTCQX listed exploration company with a number of gold exploration properties in the Tapajos region of northern Brazil and is focused on the Cuiu Cuiu and Coringa.
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