NEW YORK, Dec. 18, 2015 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial markets, today announced Avalon Rare Metals
Inc. (TSX: AVL; OTCQX: AVLNF), a Canadian mineral development
company, has qualified to trade on the OTCQX® Best Market.
Avalon previously traded on the NYSE MKT.
Avalon begins trading today on OTCQX under the symbol "AVLNF."
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome Avalon to the family of established,
investor-focused companies on the OTCQX market," said Jason Paltrowitz, Executive Vice President of
OTC Markets Group. "Trading on OTCQX will allow Avalon to
continue to provide a high-quality trading and information
experience for its investors without the high cost and regulatory
complexity of a U.S. exchange listing. We look forward to
helping Avalon prosper and thrive."
"Avalon's President and CEO Don
Bubar commented, "We are pleased to be able to maintain a
U.S. trading market and continued market access for U.S. investors.
The OTCQX market is an effective alternative for Avalon that
has grown considerably since the company first began trading there
in 2009."
Dorsey & Whitney LLP serves as Avalon's Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
Avalon Rare Metals, headquartered in Toronto, is a Canadian mineral development
company with a primary focus on rare metals and minerals. The
company specializes in niche market metals and minerals with
growing demand in new technology. It has three advanced stage
projects, all 100%-owned, providing investors with exposure to
lithium, tin and indium, as well as rare earth elements, tantalum,
niobium and zirconium. Avalon is currently focusing on its
Separation Rapids Lithium Project near Kenora, Ontario and its East Kemptville
Tin-Indium Project in Yarmouth, Nova
Scotia.
About OTC Markets Group
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.