SilverCrest Mines Inc. Joins OTCQX
NEW YORK – October 7, 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 over-the-counter (“OTC”) stocks, announced that SilverCrest Mines Inc. (OTCQX: STVZF; TSX.V: SVL), a Mexican precious metals producer headquartered in Vancouver, is now trading on the highest tier of the OTC market, OTCQX®.
SilverCrest Mines 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 SilverCrest Mines to OTCQX.”
Dorsey Whitney LLP will serve as SilverCrest Mines’ Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
About SilverCrest Mines Inc.
SilverCrest Mines Inc. (OTCQX: STVZF; TSX.V: SVL) trades in the United States on OTCQX under the symbol “STVZF”, and in Canada on TSX Venture under the symbol “SVL”. SilverCrest Mines Inc. is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent. SilverCrest anticipates that the current 2,500 tonnes per day facility will produce approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. The Company also has two additional exploration properties, the Cruz de Mayo, also in Sonora, Mexico and La Joya in Durango, Mexico.
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