OTC Markets Group Welcomes Phoenix Global Mining Ltd to OTCQX
NEW YORK, Oct. 1, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Phoenix Global Mining Ltd (LSE: PGM; OTCQX: PGMLF), a metal explorer and developer focused on advancing the Empire Mine in Idaho, has qualified to trade on the OTCQX® Best Market.
Phoenix Global Mining begins trading today on OTCQX under the symbol "PGMLF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We congratulate, and are pleased to welcome, Phoenix Global Mining to our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Phoenix Global Mining joins a robust roster of U.K. companies that benefit from cross-trading their shares on our premium market. A study by Oxford Metrica showed that international companies that cross-trade on OTCQX, on average, see a 28% increase in home market liquidity."
Marcus Edwards-Jones, Chairman of Phoenix Global Mining, commented, "I am delighted to announce that we are qualified to trade on the OTCQX Best Market and believe that it will be a transformational step for the company, supporting us through our next stage of development. With all of our assets based in North America, and a strong focus on Idaho, it is also appropriate that US investors will be able to trade the Company's shares on a U.S. Market."
"We are confident that being traded on the OTCQX Best Market will offer increased liquidity and improved access to institutional and retail investors in the U.S. The Company had noticed notable demand for its shares in the U.S. although, up until now, North American investors have found it difficult to purchase Phoenix shares."
Phoenix Global Mining Ltd was sponsored for OTCQX by B. Riley & Co., LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About Phoenix Global Mining Ltd
Phoenix Global Mining Ltd (AIM: PGM; OTCQX: PGMLF) is a North American focused, base and precious metal explorer and developer, which is fast-tracking the historically-producing Empire Mine in Idaho, USA, back into production, and exploring for cobalt in Idaho and gold in Canada.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.
