NEW YORK, Aug. 23, 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, announced
that Majestic Gold Corp. (OTCQX: MJGCF; TSX.V: MJS), a Canadian
mining company, is now trading on the highest tier of the OTC
market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Majestic Gold 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 OTCQX platform offers investor-focused companies a winning
combination of quality control, transparency, and broader
visibility to U.S. investors," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome Majestic Gold to
OTCQX."
McDowell Odom LLP (www.mcdowellodom.com) will serve as Majestic
Gold's Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements.
About Majestic Gold Corp.
Majestic Gold Corp. (OTCQX: MJGCF; TSX.V: MJS) trades in
the United States on OTCQX under
the symbol "MJGCF." Majestic Gold is currently in the commissioning
stage of its flag ship property in China and currently is mining gold at a rate
of 3000 tonnes per day. Based on a recent independent preliminary
assessment report Majestic Gold's flag ship property is valued at
US$ 525 Million using a 10% discount
rate. Over the life of the mine production is expected to reach a
total of 2.3 Million ounces of gold with an average of 105,000
ounces per year. With revenues of over $5
million for 2010 alone the Company is poised to continue to
meet or exceed its production targets. For more information, please
visit: www.majesticgold.net.
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.