NEW YORK, Nov. 12, 2013 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced that Mason Graphite Inc.
(OTCQX: MGPHF; TSX.V: LLG), a Canadian mining company that is
exploring and developing one of the highest grade graphite deposits
known in the world, has been approved to trade on OTCQX®, the best
marketplace with qualified companies.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Mason Graphite began trading today on OTCQX International, a
segment of the OTCQX marketplace reserved for high-quality non-U.S.
companies that are listed on a qualified international exchange,
undergo management reviews and provide their home country
disclosure to U.S. investors. U.S. investors can find current
financial disclosures and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
"We are pleased Mason Graphite has chosen to trade on the OTCQX
marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group.
"OTCQX provides qualifying issuers the ability to distinguish
themselves in the U.S. market and increase their visibility with
traders, investors, analysts and the media through high-quality
disclosure, transparent trading and ease of access to company
information. We look forward to supporting Mason Graphite and
providing a robust public market for its shares."
"Qualifying for OTCQX is an important milestone for our company
and demonstrates our commitment to providing our U.S. investors
convenient access to the same timely news and information enjoyed
by investors in our home market," said Benoit Gascon, President and CEO of Mason
Graphite.
Dorsey & Whitney LLP will serve as Mason Graphite's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing professional guidance on OTCQX requirements and U.S.
securities laws.
About Mason Graphite Inc.
Mason Graphite is a Canadian
mining company focused on the exploration and development of one of
the highest grade graphite deposits known in the world. It's
100% owned Lac Gueret graphite property is located in northeastern
Quebec near the main service
center of Baie-Comeau and
currently hosts a NI 43-101 compliant Measured & Indicated
mineral resource of 7.6 million tonnes grading 20.4% Cg (carbon as
graphite). 20.4% Cgr is the equivalent to about 9.1 g/t gold
(assuming graphite price of $1,750
and gold price of $1,250.
Source: Craig Miller at TD
Securities). Tremendous exploration potential exists on the
property with the current mineral resource based on exploration of
only 17% of one well defined zone. By the end of 2015, the
company intends to have developed the Lac Gueret project into one
of the world's highest grade graphite producers. Mason
Graphite is led by Benoit Gascon, CA CMA, who has held 20 years of
executive positions at Timcal, including over 6 years as CEO.
Timcal, now owned by Imerys, is the largest graphite producer
in the world.
Mason Graphite trades in the U.S. on OTCQX under the symbol
"MGPHF" and in Canada on the TSX
Venture Exchange under the symbol "LLG."
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through our OTC
Link® ATS, we directly link a diverse network of broker-dealers
that provide liquidity and execution services for a wide spectrum
of securities. We organize these securities into marketplaces to
better inform investors of opportunities and risks – OTCQX®, The
Best Marketplace with Qualified Companies; OTCQB®, The Venture
Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The
Open Marketplace with Variable Reporting Companies. Our data-driven
platform enables investors to easily trade through the broker of
their choice at the best possible price and empowers a broad range
of companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS® is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.