Northern Graphite Corp. Joins OTCQX
NEW YORK – August 24, 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 Northern Graphite Corp. (OTCQX: NGPHF; TSX.V: NGC), a Canadian mining company, is now trading on the highest tier of the OTC market, OTCQX®.
Northern Graphite 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 superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Northern Graphite to OTCQX.”
Hodgson Russ LLP will serve as Northern Graphite’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
About Northern Graphite Corp.
Northern Graphite Corp. (OTCQX: NGPHF; TSX.V: NGC) trades in the United States on OTCQX under the symbol “NGPHF.” Northern’s principal asset is the Bissett Creek graphite project located 100km east of North Bay, Ontario and close to major infrastructure. The Company expects to complete a bankable feasibility study and all required permitting and be in a position to commence construction of the mine early in 2012..Graphite prices have tripled due to rapidly growing steel and automotive demand in emerging markets. New uses such as Li ion batteries, fuel cells and nuclear power have the potential to create substantial additional demand. Both the EU and the USA have named graphite a supply critical mineral due to the fact that 70% is produced by China and export duties and licenses have been imposed. .
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