Majestic Gold Corp. Joins OTCQX
NEW YORK – August 23, 2011 – 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®.
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.
Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org