NEW YORK, March 3, 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 Athabasca Uranium Inc. (TSX.V: UAX; OTCQX: ATURF), a
Vancouver-based junior resource
company focused on uranium exploration in the Athabasca Basin, is now trading on the OTC
market's highest tier, OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
"OTCQX provides services to companies which enable them to
communicate with and engage their investors, while providing them
with transparent trading and easy access to company information,"
said R. Cromwell Coulson, President
and Chief Executive Officer of OTC Markets Group. "We are pleased
to welcome Athabasca Uranium to OTCQX."
Athabasca Uranium 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.
"OTCQX provides an opportunity for potential new shareholders to
become familiar with a rapidly developing uranium exploration
company focused on exciting new projects in the Athabasca Basin in Canada, the hottest uranium-producing region
in the world," stated Gil Schneider,
President and CEO of Athabasca Uranium. "With oil prices on the
rise, giving a large new base of potential shareholders market
access to a safe, clean energy alternative through OTCQX is an
excellent opportunity for us."
Berenbaum Weinshienk PC will serve as Athabasca Uranium's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements and compliance with U.S.
securities law.
About Athabasca Uranium Inc.
Athabasca Uranium Inc. (TSX.V: UAX; OTCQX: ATURF) trades in
the United States on OTCQX under
the symbol "ATURF". Athabasca Uranium Inc. is a Vancouver-based junior resource company
focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, Canada, home to some of the
world's highest grade uranium deposits and mines.
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.