NEW YORK, May 20, 2021 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of financial markets for 11,000
U.S. and global securities, today announced Monarch Mining
Corporation (TSX: GBAR) (OTCQX: GBARF), a fully integrated mining
company, has qualified to trade on the OTCQX® Best
Market. Monarch Mining Corporation upgraded to OTCQX from the
Pink® market.
Monarch Mining Corp. begins trading today on OTCQX under the
symbol "GBARF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
"We are very pleased to be trading on the OTCQX," said
Jean-Marc Lacoste, President and
Chief Executive Officer of Monarch. "This is an important milestone
for Monarch, which will facilitate trading in our stock for US
investors as we are aiming to expand our shareholder base to a
larger pool of retail and institutional
investors."
Securities Law USA, PLLC acted
as the company's OTCQX sponsor.
About Monarch Mining Corporation
Monarch (TSX: GBAR)
(OTCQX: GBARF) is a fully integrated mining company that owns four
advanced projects, namely the Beaufor Mine, Croinor Gold, McKenzie
Break and Swanson projects, all located near Monarch's wholly owned
and fully permitted Beacon 750 tpd mill. Monarch owns 28,725
hectares (287 km2) of mining assets in the prolific
Abitibi mining camp that host 588,482 ounces of combined measured
and indicated gold resources and 329,393 ounces of combined
inferred resources. Monarch Mining was created following the +$200M
successful transaction between Yamana Gold and Monarch Gold
announced on November 2, 2020.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best
Market, the OTCQB® Venture Market and the
Pink® Open Market for 11,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link
ECN, we connect a diverse network of broker-dealers that provide
liquidity and execution services. We enable investors to
easily trade through the broker of their choice and empower
companies to improve the quality of information available for
investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc.
+1 (212) 896-4428
media@otcmarkets.com
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SOURCE OTC Markets Group Inc.