Northern Iron Corp., a mineral exploration company, announced that its shares will begin trading on the QTCQK International Marketplace (QTCQX) at market open today under the symbol “NHRIF”.
“The OTCQX gives Northern access to a large premium market in the United States with strong standards where many internationally respected companies trade,” stated Basil Botha, President and CEO of Northern. “The OTCQX has a reputation of providing U.S. investors with improved liquidity, transparency and superior information through its U.S. regulated broker-dealers, and will provide U.S.investors with a mechanism to invest in a Canadian iron ore project that is projected to provide North American steel mills with a new source of value added raw material.”
Northern has enlisted Merriman Capital Inc. to serve as Principal American Liaison on the OTCQX, responsible for providing all guidance on OTCQX requirements. Merriman Capital Inc. is the wholly owned subsidiary of Merriman Holdings, Inc. (MERR) and it’s a member of SIPC (www.sipc.org) and FINRA (www.finra.org).
Spencer Grimes, Managing Director at Merriman, commented, “We are pleased to have assisted Northern with the launching of its trading on the OTCQX and look forward to extending our relationship with the Company as its PAL.” Investors can find current financial disclosure, real-time Level 2 quotes for the Company’s shares, and other information on the OTCQX by visiting these websites: www.otcqx.com and www.otcmarkets.com.
The Company’s information will be available through the S&P Capital IQ’s Market Access Program, an information distribution service that allows subscribing publicly trading companies to have their company information dispersed to users of S&P Capital IQ’s MarketScope Advisor. The information that will be made available through this program will include share price, dividends, volume, company financial position, shares outstanding, and earnings.
MarketScope Advisor is an Internet-based research program that is used by more than 100,000 investment advisors. A public version of this site is available at http://advisor.marketscope.com. Additionally, information of the companies in the S&P Capital IQ’s Market Access Program will be available through the firm’s Stock Guide database, which is dispersed electronically to all major quote vendors. As part of the program, a full description of the company will also be published in the Daily News section of Standard Corporation Records, a well known securities manual for secondary trading in up to 38 states under their Blue Sky Laws.
Northern’s shares will continue to be listed and traded on the TSX-V in Canada under the symbol “NFE”.
Northern Iron is a mineral exploration company primarily focused on high quality iron ore in the Red Lake mining division, district of Kenora, Ontario, Canada. Northern Iron holds 100% interest in minerals claims covering about 14,672 hectares, made up of the El Sol (former Kesaka deposit) Property, the Griffith (former Griffith mine) Property, the Karas Property, the Papaonga Property and the Whitemud (former Ogani deposit) Property. The Red Lake area can be accessed by Highway 105, which joins the Trans Canada highway at Vermillion Bay, 175 km south and 100 km east of Kenora. Commercial air services operate to Red Lake from Thunder Bay, Ontario and Winnipeg, Manitoba.
For more information on Northern Iron Corp. visit www.northernironcorp.com
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