NEW YORK, May 13, 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 Rare Earth Metals Inc. (TSX.V: RA; OTCQX: RAREF), a
mineral exploration company focused on Rare Earth Element deposits
throughout North America, is now
trading on the OTC market's highest tier, OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Rare Earth Metals 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.
"The superior information and visibility of the OTCQX
marketplace allows companies to efficiently build investor
confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief
Executive Officer of OTC Markets Group. "We are pleased to welcome
Rare Earth Metals to OTCQX."
Berenbaum Weinshienk PC will serve as Rare Earth Metals'
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements and compliance with U.S.
securities laws.
About Rare Earth Metals Inc.
Rare Earth Metals Inc. (TSX.V: RA; OTCQX: RAREF) trades in
the United States on OTCQX under
the symbol "RAREF". Rare Earth Metals Inc. is a mineral exploration
company committed to discovering economically significant Rare
Earth Element deposits throughout North
America. The company is focused on projects with superior
existing infrastructure or excellent potential infrastructure for
mine development.
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.