NEW YORK, Dec. 1, 2017 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000
U.S. and global securities, today announced Marathon Gold
Corporation (TSX: MOZ; OTCQX: MGDPF), a Toronto based gold resource development
company, has qualified to trade on the OTCQX® Best Market.
Marathon upgraded to OTCQX from
the Pink® market.
Marathon begins trading today
on OTCQX under the symbol "MGDPF." U.S. investors can find
current financial disclosure and Real-Time Level 2 quotes for the
company on www.otcmarkets.com.
"Upgrading to OTCQX will enable Marathon to efficiently provide a transparent
trading and information experience for its U.S. investors," said
Jason Paltrowitz, Executive Vice
President of OTC Markets Group. "Marathon joins the growing number of resource
companies that trade on OTCQX to build visibility and long-term
shareholder value."
"Upgrading our common shares to trade on OTCQX will improve
access and liquidity in the U.S. markets for current and
prospective Marathon shareholders.
This will assist in expanding and diversifying our shareholder base
in the U.S. as we continue to develop the Valentine Lake Gold
Camp," stated Phillip Walford,
President and CEO of Marathon.
Marathon was sponsored for
OTCQX by Dorsey & Whitney LLP, a qualified third-party firm
responsible for providing guidance on OTCQX requirements and
recommending membership.
About Marathon Gold Corporation
Marathon is a Toronto based gold exploration company rapidly
advancing its 100% owned Valentine Lake Gold Camp located in
Newfoundland, one of the top
mining jurisdictions in the world. The Valentine Lake Gold Camp
currently hosts four near-surface, mainly pit-shell constrained,
deposits with measured and indicated resources totaling 1,847,000
oz. of gold at 1.88 g/t and inferred resources totaling 1,012,000
oz. of gold at 1.65 g/t. The majority of the resources occur in the
Marathon and Leprechaun deposits,
which also have resources below the pit shell. Both deposits
are open to depth and on strike. Gold mineralization has been
traced down over 350 meters vertically at Leprechaun and almost a
kilometer at Marathon. The four
deposits outlined to date occur in a 30-kilometer gold trend on the
property, with much of the 24,000-hectare property having had
little detailed exploration activity to date.
The Valentine Lake Gold Camp is accessible by year-round roads
and is located in close proximity to Newfoundland's electrical grid. Marathon maintains a 50-person all-season camp
at the property. Recent metallurgical tests have demonstrated 93%
to 98% recoveries via conventional milling and 50% to 73%
recoveries via low cost heap leaching at both the Leprechaun and
Marathon Deposits.
To find out more information on the Valentine Lake Gold Camp
please visit www.marathon-gold.com.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture
Market, and the Pink® Open Market for 10,000 U.S. and global
securities. Through OTC Link® ATS, we connect a diverse
network of broker-dealers that provide liquidity and execution
services. We enable investors to easily trade through the
broker of their choice and empower companies to improve the quality
of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.