NEW YORK, Oct. 7, 2011 /PRNewswire/ -- 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 over-the-counter ("OTC")
stocks, announced that SilverCrest Mines Inc. (OTCQX: STVZF; TSX.V:
SVL), a Mexican precious metals producer headquartered in
Vancouver, is now trading on the
highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
SilverCrest Mines 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
SilverCrest Mines to OTCQX."
Dorsey & Whitney LLP will serve as SilverCrest Mines'
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements.
About SilverCrest Mines Inc.
SilverCrest Mines Inc. (OTCQX: STVZF; TSX.V: SVL) trades in
the United States on OTCQX under
the symbol "STVZF", and in Canada
on TSX Venture under the symbol "SVL". SilverCrest Mines Inc. is a
Mexican precious metals producer with headquarters based in
Vancouver, BC. SilverCrest's
flagship property is the 100%-owned Santa Elena Mine, which is
located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a
high-grade, epithermal gold and silver producer, with an estimated
life of mine cash cost of US$8 per
ounce of silver equivalent. SilverCrest anticipates that the
current 2,500 tonnes per day facility will produce approximately
4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5
year life of the open pit phase of the Santa Elena Mine. The
Company also has two additional exploration properties, the Cruz de
Mayo, also in Sonora, Mexico and
La Joya in Durango, Mexico.
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™ platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. 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™ (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.