Firm approved as PAL for Nanotech Security Corp. on OTCQX
NEW YORK, July 23, 2015 /CNW/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets for 10,000 U.S. and global securities, today announced it has approved McMillan LLP, one of Canada's leading law firms, as a Designated Advisor for Disclosure ("DAD") and Principal American Liaison ("PAL").
As a DAD and PAL, McMillan can act as the designated advisor for U.S. and international companies trading on the OTCQX® Best Market in the U.S. and provide professional guidance on OTCQX requirements, U.S. securities laws and effective investor communications practices. DAD and PAL eligibility is limited to reputable and qualified securities attorneys or FINRA-member investment banking firms. Companies are required to appoint a DAD or PAL to qualify for trading on OTCQX. As an approved PAL, the firm can also provide a "Letter of Introduction" for international exchange-listed companies seeking to trade on the OTCQB® Venture Market in the U.S.
"McMillan's broad U.S., Canadian and international network combined with its knowledge of our markets and capital market expertise will make the firm a valuable advisor to companies on our best market," said Jason Paltrowitz, Executive Vice President – Corporate Services at OTC Markets Group. "We are pleased to add McMillan to our esteemed list of DADs and PALs, which will further enrich our OTCQX Best and OTCQB Venture Markets for companies and investors."
"McMillan is pleased to be approved by the OTC Markets Group as a DAD and PAL advisor for companies that are looking to access the OTCQX Best and OTCQB Venture Markets in the United States. We believe these markets have significant opportunity for growth under the leadership of the OTC Markets Group and look forward to the opportunity to be part of their continued success," said Leo Raffin, leader of McMillan's Capital Markets Group.
In conjunction with this news, McMillan was approved as the new PAL for Nanotech Security Corp. (TSX-V: NTS; OTCQX: NTSFF), a nanotechnology security company headquartered in Burnaby, British Columbia, Canada.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial 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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Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
SOURCE OTC Markets Group Inc.