Inter-Citic Minerals Inc. is a gold exploration and development firm with a focus on China, the world’s largest gold producing country. In particular, the company is advancing its Dachang Gold Project, one of China’s largest undeveloped open-pit gold resources. It is doing so in conjunction with its biggest shareholder – China’s largest gold producer, Zijin Mining.
The company announced that its shares started trading today on the over-the-counter market’s highest tier, the OTCQX, under the symbol ICMTF. The OTCQX is the most prestigious of the three tiers of the over-the-counter market. It is recognized as a quality-controlled marketplace in the United States for investor-friendly companies.
Companies that join the OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards. In 2010, securities on the OTC platform traded over $144 billion in dollar volume, making it the third largest US trading venue after the New York Stock Exchange and NASDAQ.
Inter-Citic Minerals, which is already listed on the Toronto exchange, made this move so its growing number of US investors will have easier access to the stock as well as greater transparency. The company’s president and CEO, James Moore, said, “We fully expect this upgrade will help liquidity and share price for our investors both in the US and in Canada.”
For more information on Inter-Citic Minerals, please visit its website at www.inter-citic.com