NEW YORK, May 17, 2012 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), the company that operates the world's
largest electronic marketplace for OTC-traded equities, today
announced that Fortune Minerals Limited (OTCQX: FTMDF; TSX: FT), a
diversified resource company, is now trading on the highest tier of
the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Fortune Minerals began trading today on the OTC market's
prestigious tier, OTCQX International. Investors can find
current financial disclosures and Real-Time Level 2 quotes for the
Company on www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning
combination of quality control, transparency, and broader
visibility to U.S. investors," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome Fortune Minerals to
OTCQX."
Dorsey & Whitney LLP will serve as Fortune Minerals'
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements and U.S. securities
laws.
About Fortune Minerals Limited
Fortune Minerals Limited (OTCQX: FTMDF; TSX: FT) trades in
the United States on OTCQX under
the symbol "FTMDF", and in Canada
on the TSX under the symbol "FT". Fortune Minerals Limited is a
diversified resource company with several mineral deposits and a
number of exploration projects, all located in Canada. The Company is focused on the
development of the Mount Klappan anthracite metallurgical coal
deposits in British Columbia and
the NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories ("NT"). As part of the
development of the NICO deposit, Fortune is developing a
hydrometallurgical plant in Saskatchewan to process NICO concentrates to
high value metal products. The company has also acquired the
buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled,
moved, and stored for relocation to NICO. In addition, the Company
owns the Sue-Dianne copper-silver-gold deposit and other
exploration projects in the NT. Fortune is focused on outstanding
performance and growth of shareholder value through assembly and
development of high quality mineral resource projects.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest OTC marketplace for equity securities. Our OTC Link®
trading system delivers price transparency in over 10,000
securities and enables direct interaction between broker-dealers
that provide liquidity and execution services. We organize the wide
spectrum of OTC-traded equity securities into three marketplaces to
inform investors of opportunities and risks - OTCQX - The
Intelligent Marketplace for the Best OTC Companies; OTCQB® - The
Venture Marketplace; and OTC Pink® - The Open Marketplace. Our
information-driven platform makes it easy for investors to trade at
the best price through the broker of their choice and empowers
companies to build the best markets for their investors. To learn
more about our Open, Transparent, and Connected marketplace, visit
www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.