Urastar Energy Inc. Joins OTCQX
NEW YORK, June 27, 2011 /PRNewswire via COMTEX News Network/ --
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, today announced that Urastar Energy Inc. (TSX.V: URS; OTCQX: URNRF), a mining exploration and development company focused on gold exploration in Mexico's Sierra Madre gold belt, is now trading on the highest tier of the OTC market, OTCQX®.
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Urastar Energy 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 www.otcqx.com and www.otcmarkets.com.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Urastar Energy to OTCQX."
Berenbaum Weinshienk PC will serve as Urastar Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Urastar Energy, Inc.
Urastar Energy Inc. (TSX.V: URS; OTCQX: URNRF) trades in the United States on OTCQX under the symbol "URNRF". Urastar Energy Inc. is a mining exploration and development company focused on gold exploration in Mexico's Sierra Madre gold belt and targeting areas containing former producing properties. The Sierra Madre Gold Belt is one of the richest gold belts in the world with several major mines and discoveries.
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(TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink(TM) (the speculative trading 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 www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.
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