NEW YORK, April 17, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Pan American Goldfields Ltd. (OTCQX: MXOM), a precious metals mining and exploration company, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.
Pan American Goldfields will begin trading today on OTCQX U.S., a segment of the OTCQX marketplace reserved for high-quality U.S. companies that meet financial standards and provide timely news and disclosure to investors. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Pan American Goldfields has chosen to trade on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards.""We are proud to join OTCQX, which will enable us to provide our U.S. investors with timely news and information to help them better analyze, value and trade our securities," said Neil Maedel, CEO of Pan American Goldfields. INTL FCStone Securities Inc. will serve as Pan American Goldfields' Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements. Pan American Goldfields is a precious metals mining and exploration company. Its focus is the production of gold and silver and the development and expansion of its Cieneguita mine in Mexico's booming Sierra Madre gold-silver belt. M3 Engineering & Technology of Tucson is the lead consultant responsible for preparing the PEA study, the results of which are expected to be available during April 2013. A feasibility study is planned to commence immediately following the completion of the PEA. Pan American Goldfields trades in the U.S. on OTCQX under the symbol "MXOM."