NEW YORK, Aug. 5, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Paringa Resources Limited (ASX: PNL; OTCQX: PNGZF), an emerging U.S.-based coal exploration and production company, has qualified to trade on the OTCQX® Best Market.
Paringa Resources begins trading today on OTCQX under the symbol "PNGZF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Paringa Resources to the family of established, investor-focused U.S. and international companies on the OTCQX market," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will enable Paringa to expand its visibility and shareholder base in the U.S. by providing U.S. investors with efficient trading and convenient access to its news and financial disclosure. We look forward to supporting Paringa in its continued growth and success."
Paringa's President and Chief Executive Officer, Mr. David Gay, said, "The Buck Creek Mining Complex is an important new coal development for the region which relies heavily on thermal coal for baseload power. We recognize the strong interest from U.S. institutional, sophisticated and retail investors who want to invest in the Company's Buck Creek No.1 Mine located in the U.S. as it approaches production, and the OTCQX Market quotation will provide the opportunity for these investors to trade conveniently during normal U.S. trading hours."
Sanders Ortoli Vaughn-Flam Rosenstadt LLP serves as Paringa Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Paringa Resources Limited is an emerging U.S.-based coal exploration and development company focused on developing its high margin, low capex Buck Creek Mining Complex located in the growing Illinois Coal Basin.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets 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 markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. 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 markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.