NEW YORK, May 10, 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 unlisted stocks, today
announced that Wealth Minerals Ltd. (TSX.V: WML; OTCQX: WMLLF), a
company focused on the acquisition and exploration of uranium and
rare earth properties, primarily in Argentina and Peru, is now trading on the OTC market's
highest tier, OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
"Companies use OTCQX to expand their access to investors, engage
them with quality disclosure of their financials, and provide
trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and Chief
Executive Officer of OTC Markets Group. "We are pleased to
welcome Wealth Minerals to OTCQX."
Wealth Minerals 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.
"As Wealth advances the development of our Rodeo de los Molles
Rare Earth Project, we are pleased to provide U.S. investors with
an improved platform to access our equity market," stated Wealth's
President and CEO, Henk Van Alphen.
"The OTCQX has garnered a positive reputation for providing
investors improved liquidity, transparency and superior information
along with easy access through their U.S. regulated broker
dealers."
Berenbaum Weinshienk LLP will serve as Wealth Minerals'
Principal American Liaison on OTCQX, responsible for providing
guidance on OTCQX requirements.
About Wealth Minerals Ltd.
Wealth Minerals Ltd. (TSX.V: WML; OTCQX: WMLLF) trades in
the United States on OTCQX under
the symbol "WMLLF". Wealth is a well-managed mineral exploration
company focused on the development of its Rodeo de los Molles Rare
Earth Project in Argentina.
In addition to ongoing work programs on its existing
properties, it also actively evaluates new rare earth and other
mineral projects.
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. 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™ (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.