NEW YORK, Dec. 24, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Virginia Energy Resources Inc. (OTCQX: VEGYF; TSX.V: VUI), a Vancouver-based uranium development and exploration company, has chosen to trade on OTCQX®, the qualified OTC marketplace with the highest financial standards and third-party sponsorship.
Virginia Energy Resources began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies listed on a qualified stock exchange in their home country. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are pleased Virginia Energy Resources has chosen to join the other elite companies trading on OTCQX."
"We are proud to join OTCQX, the highest OTC marketplace," said Walter Coles Jr., Executive Vice President of Virginia Energy Resources. "We are committed to providing our U.S. investors with timely news and information to help them better analyze, value and trade our securities."
Clarkson Capital Markets will serve as Virginia Energy Resources' Principal American Liaison ("PAL") on OTCQX, responsible for sponsoring qualified companies and providing professional guidance on OTCQX requirements.
Virginia Energy Resources is a uranium development and exploration company. The company holds a 100% stake in the advanced stage Coles Hill uranium project in Virginia, USA. Additionally, the company is pursuing an active uranium exploration program in the Otish Basin of Quebec.
Virginia Energy Resources trades in the U.S. on OTCQX under the symbol "VEGYF."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better 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 data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visitwww.otcmarkets.com.
SOURCE OTC Markets Group Inc.