NEW YORK, May 9, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for OTC-traded equities, announced that Proto Resources & Investments Ltd. (OTCQX: POOOY; ASX: PRW), a mining development and exploration company, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®.
Proto Resources began trading today on the OTC market's highest tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"We are thrilled to welcome Proto 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."
Berns & Berns, Counsellors at Law will serve as Proto Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Proto Resources & Investments Ltd. Proto Resources & Investments Ltd. (OTCQX: POOOY; ASX: PRW) trades in the United States on OTCQX under the symbol "POOOY", where each ADR represents 50 ordinary shares. Proto Resources' flagship is the Barnes Hill nickel-cobalt-iron project located in northern Tasmania, which is steadily advancing towards production. Subject to a successful feasibility outcome, Barnes Hill is slated to commence mining in early 2013 with a potential 26 year mine life at 250,000t per annum.
About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded equity securities into three marketplaces to inform investors of opportunities and risks - OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.