NEW YORK, March 7, 2011 /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, today
announced that Oceanic Iron Ore Corp. (TSX.V: FEO; OTCQX: FEOVF), a
mineral resource company focused on the development of the Ungava
Iron properties, is now trading on the OTC market's highest tier,
OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Investors can find current financial disclosure and Real-Time
Level 2 quotes for the Company on www.otcqx.com and
www.otcmarkets.com.
"Companies use OTCQX 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
Oceanic Iron Ore Corp. to OTCQX."
SecuritiesLawUSA, PC will serve as Oceanic Iron Ore's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements.
About Oceanic Iron Ore Corp.
Oceanic Iron Ore Corp. (TSX.V: FEO; OTCQX: FEOVF) trades in
the United States on OTCQX under
the symbol "FEOVF". Oceanic Iron Ore Corp. is a mineral resource
company focused on the development of the Ungava Iron properties,
which are located along the northern extension of the Labrador
Trough in the Nunavik Region of Quebec,
Canada.
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. In 2010, securities on
OTC Link 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. We
categorize the wide spectrum of OTC-traded companies into three
tiers - OTCQX (the quality-controlled marketplace for investor
friendly companies), OTCQB® (the U.S. reporting company marketplace
for development stage companies), and OTC Pink™ (the speculative
trading 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.