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Dec. 23, 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, announced that
Padang Resources Ltd. (OTCQX: PRRCY; ASX: PXR), an Australian-based resources company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Padang Resources 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
"We are pleased to welcome Padang Resources to OTCQX," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."
The Lebrecht Group, APLC will serve as Padang Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Padang Resources Ltd.Padang Resources Ltd. (OTCQX: PRRCY; ASX: PXR) trades in
the United States on OTCQX under the symbol "PRRCY", where each ADR represents 100 ordinary shares. Padang Resources Limited is an Australian-based resources company. Padang is exploring and developing resources in the southeast
Asia region, particularly
Indonesia. The company is focused on the
West Sumatra coal project and expects to commence production in 2012.
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 quality-controlled 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
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SOURCE OTC Markets Group Inc.