Crocodile Gold Corp. Joins OTCQX
09 Febrero 2010 - 6:00AM
PR Newswire (US)
NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc.
(Pink Sheets: PINK), the leading electronic inter-dealer quotation
system, trading technology and financial information provider for
Over-the-Counter (OTC) securities, today announced that Crocodile
Gold Corp. (OTCQX: CROCF, TSX: CRK, Frankfurt: XGC), a
Canadian-based gold company, is now trading on OTCQX®. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO ) Trading
on the highest tier of the U.S. OTC market, OTCQX companies are
distinguished from the thousands of other OTC-traded companies.
Several of the world's largest companies by market capitalization
are currently trading on OTCQX. "OTCQX provides Crocodile Gold with
the highest level of visibility and access to U.S. investors
possible in the Over-the-Counter Market," said R. Cromwell Coulson,
President and CEO of Pink OTC Markets. "We are pleased to welcome
Crocodile Gold Corp. to OTCQX." Crocodile Gold Corp. 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 http://www.otcqx.com/ and
http://www.otcmarkets.com/. Mike Hoffman, President and CEO of
Crocodile Gold Corp. commented, "OTCQX will provide us with the
opportunity to expand our investor base and increase international
liquidity. In addition, it will provide a transparent platform for
investors to access Crocodile Gold's expanding market and provide
an opportunity for Crocodile Gold to increase international
awareness of our Company and our progress as we advance our
projects in the Northern Territory of Australia." Hodgson Russ LLP,
will serve as Crocodile Gold's Principal American Liaison ("PAL")
on OTCQX, responsible for providing guidance on listing
requirements. About Crocodile Gold Corp. Crocodile Gold is a
Canadian company that has completed the acquisition of recent past
producing gold assets in the Northern Territory of Australia. The
assets comprise an area greater than 3,500 square kilometres and
are located approximately 90 to 285 kilometres south of the capital
city, Darwin, and include the Burnside Project, Tom's Gully Project
and Maud Creek Project. The property contains 3.09 million ounces
of NI 43-101 compliant measured and indicated resources (42.9
million tonnes at an average grade of 2.3 g/t gold), and 1.94
million ounces of inferred resources (26.7 million tonnes at an
average grade of 2.3 g/t gold) (See Management Information Circular
dated October 5, 2009 and Crocodile Gold Press Releases dated
September 8, 2009 and January 25, 2010). The Burnside Project
includes the Brocks Creek underground mine, the Howley open pit
mine and several additional deposits along the Cosmo/Howley
corridor, including the undeveloped Cosmo underground deposit. The
Tom's Gully Project includes the Tom's Gully underground mine and
the former Mt Bundy (Rustler's Roost) Mine. Crocodile Gold owns the
8,000 tpd Union Reefs mill and the 800 tpd Tom's Gully mill.
Crocodile Gold trades under the symbol CRK on the Toronto Stock
Exchange, XGC on the Frankfurt Exchange and CROCF on OTCQX as of
February 9, 2010. About OTCQX The OTCQX marketplace is the premier
tier of the U.S. Over-the-Counter market. Investor-focused
companies use the quality controlled OTCQX listing platform to
offer investors transparent trading, superior information, and easy
access through their regulated U.S. broker-dealers. The innovative
OTCQX platform offers companies and their shareholders a level of
marketplace services formerly available only on a U.S. exchange.
For more about OTCQX, visit http://www.otcqx.com/. About Pink OTC
Markets Inc. Pink OTC Markets Inc. (Pink Sheets: PINK) is a
financial information and technology services company that operates
the leading electronic quotation and trading system in the
Over-the-Counter, or OTC, securities market. The OTCQX and Pink
Sheets® marketplaces that we operate constitute, by dollar volume,
the third largest U.S. liquidity pool for trading public company
shares, after The NASDAQ Stock Market, Inc. and The New York Stock
Exchange. Our technology platform provides a comprehensive suite of
information products and trading services for OTC market
participants. Our products and services promote market
transparency, improve price discovery, facilitate regulatory
compliance, and increase the quality of issuer disclosure, to the
benefit of all OTC market participants. To learn more about how
Pink OTC Markets' products and services make OTC markets more
transparent, informed, and efficient, please visit our websites at
http://www.pinkotc.com/, http://www.otcmarkets.com/ and
http://www.otcqx.com/ or contact us at . Pink OTC Markets is
headquartered in New York City. Subscribe to the OTCQX RSS Feed
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO
http://photoarchive.ap.org/ DATASOURCE: Pink OTC Markets Inc.
CONTACT: Matthew Sheldon, CCG Investor Relations, +1-310-954-1346,
Web Site: http://www.pinkotc.com/
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