NEW YORK, Jan. 17, 2012 /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, announced
that Magellan Minerals Ltd. (OTCQX: MAGNF; TSX.V: MNM), a
Canadian-based junior exploration company, is now trading on
the highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
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Magellan 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 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
Magellan Minerals to OTCQX."
Stifel Nicolaus & Company, Inc. will serve as Magellan
Minerals' Principal American Liaison ("PAL") on OTCQX, responsible
for providing guidance on OTCQX requirements.
About Magellan Minerals Ltd.
Magellan Minerals Ltd. (OTCQX: MAGNF; TSX.V: MNM) trades
in the United States on OTCQX
under the symbol "MAGNF", and in Canada on the TSX Venture under the symbol
"MNM". Magellan Minerals Ltd. is a well-financed Canadian-based
junior exploration company focused on mineral exploration and
development in the state of Para in northern Brazil. The Company has interests in a number
of properties in the Tapajos region which has a historic gold
production estimated at 20-30Moz of gold. The Company has two
advanced gold projects, Cuiu Cuiu and Coringa.
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. We categorize the wide
spectrum of OTC-traded companies into three tiers - OTCQX (the
intelligent marketplace), OTCQB® (the venture marketplace), and OTC
Pink™ (the open 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.