IRNN Iron Mining Group Moves to OTC Link Electronic Trading Platform
Date : 03/04/2011 @ 3:25PM
Source : Business Wire
Stock : Iron Mining Group, Inc. (IRNN)
Quote : 2.0 0.01 (0.50%) @ 9:35AM
Iron Mining Group Moves to OTC Link Electronic Trading Platform
Iron Mining Grp (USOTC:IRNN)
Historical Stock Chart
1 Month : February 2011 to March 2011
Iron Mining Group, Inc. (OTCQB:IRNN), a global iron ore mining company (“IGM”), announced today that it is no longer quoted on the OTCBB quotation and trading system and is now quoted solely on the OTCQB, part of OTC Markets Group, Inc.’s OTC Link™ electronic platform (“OTC Link”). IMG had previously been dual listed on both quotation systems. This change is not the result of any action or inaction by the Company, which continues to be in full compliance with all of its U.S. Securities & Exchange Commission reporting requirements.
A changing U.S. market for over the counter equities in recent years has added transparency and efficiency to benefit investors. The OTC Link electronic interdealer quotation and trading system has become one of the leading platforms in the U.S., supplanting the OTCBB, which continues to operate as a telephonic trading platform. The OTCQB, where IMG currently trades, is the second of three tiers in the OTC marketplace and is reserved for companies that are current in all SEC reporting requirements.
Securities on the OTC Link traded over USD $144 billion in volume in 2010, making it the third largest U.S. equity-trading venue, after NASDAQ and the NYSE. Currently, OTC Link makes up approximately 95% of the priced quotes published in the broader OTC marketplace. In the 30 days preceding March 2nd, 2011, the last day for which data is available, 837 publicly traded companies moved from being dually quoted on the OTCBB and OTC Link, to being quoted exclusively on the OTC Link platform.
“We are pleased to know that by migrating to the OTCQB, IMG will maximize its visibility to current and potential investors. No matter where IMG is quoted, we will remain a fully reporting and transparent company, which we believe is the cornerstone of building and maintaining shareholder trust and confidence,” commented IMG Chief Executive Officer, Garrett K. Krause. He added, “As we continue through 2011, we will continue to take all necessary steps toward listing our shares on a major global exchange.”
About Iron Mining Group, Inc.
Iron Mining Group, Inc., (“IMG”) is a global iron ore mining company with its initial focus in Latin America. The Company has entered this marketplace at a time when the largest iron ore customer, China, seeks to alter the status quo by shifting power away from the traditional iron ore producers. IMG has current iron ore operations in Chile and Mexico.
For more information, please refer to www.IronMiningGroup.com.
Forward Looking Statements:
Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
http://ih.advfn.com/p.php?pid=nmona&article=46744401
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Date : 03/04/2011 @ 3:25PM
Source : Business Wire
Stock : Iron Mining Group, Inc. (IRNN)
Quote : 2.0 0.01 (0.50%) @ 9:35AM
Iron Mining Group Moves to OTC Link Electronic Trading Platform
Iron Mining Grp (USOTC:IRNN)
Historical Stock Chart
1 Month : February 2011 to March 2011
Iron Mining Group, Inc. (OTCQB:IRNN), a global iron ore mining company (“IGM”), announced today that it is no longer quoted on the OTCBB quotation and trading system and is now quoted solely on the OTCQB, part of OTC Markets Group, Inc.’s OTC Link™ electronic platform (“OTC Link”). IMG had previously been dual listed on both quotation systems. This change is not the result of any action or inaction by the Company, which continues to be in full compliance with all of its U.S. Securities & Exchange Commission reporting requirements.
A changing U.S. market for over the counter equities in recent years has added transparency and efficiency to benefit investors. The OTC Link electronic interdealer quotation and trading system has become one of the leading platforms in the U.S., supplanting the OTCBB, which continues to operate as a telephonic trading platform. The OTCQB, where IMG currently trades, is the second of three tiers in the OTC marketplace and is reserved for companies that are current in all SEC reporting requirements.
Securities on the OTC Link traded over USD $144 billion in volume in 2010, making it the third largest U.S. equity-trading venue, after NASDAQ and the NYSE. Currently, OTC Link makes up approximately 95% of the priced quotes published in the broader OTC marketplace. In the 30 days preceding March 2nd, 2011, the last day for which data is available, 837 publicly traded companies moved from being dually quoted on the OTCBB and OTC Link, to being quoted exclusively on the OTC Link platform.
“We are pleased to know that by migrating to the OTCQB, IMG will maximize its visibility to current and potential investors. No matter where IMG is quoted, we will remain a fully reporting and transparent company, which we believe is the cornerstone of building and maintaining shareholder trust and confidence,” commented IMG Chief Executive Officer, Garrett K. Krause. He added, “As we continue through 2011, we will continue to take all necessary steps toward listing our shares on a major global exchange.”
About Iron Mining Group, Inc.
Iron Mining Group, Inc., (“IMG”) is a global iron ore mining company with its initial focus in Latin America. The Company has entered this marketplace at a time when the largest iron ore customer, China, seeks to alter the status quo by shifting power away from the traditional iron ore producers. IMG has current iron ore operations in Chile and Mexico.
For more information, please refer to www.IronMiningGroup.com.
Forward Looking Statements:
Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
http://ih.advfn.com/p.php?pid=nmona&article=46744401
http://www.proactivenewsroom.com/clients/
EQUITIES IRHub, Peer to Peer News Dissemination & Financial Collaboration...
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