NEW YORK, March 6, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Cayden Resources, Inc. (TSX-V: CYD; OTCQX: CDKNF), a Canadian mineral exploration company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Cayden Resources begins trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Cayden Resources to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "By trading on OTCQX, Cayden will provide U.S. investors transparent trading and convenient access to its news and financial information. We look forward to working with Cayden's management team as they grow the company's visibility in the U.S. market."
Ivan Bebek, President and CEO of Cayden Resources, Inc., stated, "Trading on OTCQX will improve Cayden's ability to access the U.S. capital markets which will complement the effort to considerably broaden our U.S. shareholder base. We are excited about this move as the OTCQX offers our existing U.S. shareholders a more transparent and efficient platform to attain quotations and trade our securities."Sanders Ortoli Vaughn-Flam Rosenstadt LLP serves as Cayden Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws. Cayden Resources is a Canada-based exploration company focused on the discovery, financing, and monetization of precious metal assets in two favorable mining jurisdictions in Mexico. The management team of Cayden is highly experienced and has a record of success in the mineral exploration business. Cayden Resources will trade in the U.S. on OTCQX under the symbol "CDKNF."