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SMALL BUSINESS
Baja Mining Corp. Joins OTCQX
NEW YORK, Sept. 11 /PRNewswire/ -- Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that Baja Mining Corp. (OTCQX: BAJFF, TSX: BAJ), a Canadian mining company, is now trading 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 www.otcqx.com and www.pinksheets.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )
"Listing on OTCQX will provide Baja Mining with greater access to the U.S. capital market, the opportunity to expand its investor base and increase international liquidity," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets. "We are pleased to welcome Baja Mining to OTCQX."
Dorsey & Whitney LLP will serve as Baja Mining's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.
"We believe this listing will provide a more convenient and transparent forum for U.S., and other international, investors to access Baja's growing market and will provide more widespread awareness of the Company's ongoing developments and progress," said John Greenslade, President and CEO of Baja.
Baja Mining's shares are also listed on the Toronto Stock Exchange under the symbol BAJ. Baja's headquarters are in Vancouver, British Columbia.
About Baja Mining Corp.
(OTCQX: BAJFF, TSX: BAJ) Baja Mining Corp. is a Vancouver-based mining company with a 70% interest in the Boleo copper-cobalt-zinc-manganese project located near Santa Rosalia, Baja California Sur, Mexico. A Korean syndicate holds the remaining 30%. Baja is the project operator. The target date for commissioning Boleo is 2012. A 2007 definitive feasibility study projected an average annual production for the first four years of 56,000 tonnes of copper cathode, 1,500 tonnes of cobalt cathode and 20,000 tonnes of zinc sulphate. The project has proven and probable reserves that support a mine life of more than 25 years. Anticipated cash costs in the first five years are US$0.27 per pound copper, net of by-product credits for cobalt and zinc, and with no credit for manganese. For more information about Baja, please visit www.bajamining.com.
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 www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets 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 term "OTC securities" is a catchall phrase for any equity security that is not listed on a U.S. stock exchange. The OTCQX(R) and Pink Sheets(R) 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, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants.
Through our Pink Quote(SM)( )inter-dealer quotation system and Pink Link(R) trade messaging system, we offer broker-dealers an independent, electronic platform to display their real-time, firm "bid" and "ask" quotes and communicate OTC trade information with each other. These systems generate a substantial amount of OTC market data, which we license to OTC market participants. By licensing OTC market data, we are able to offer quotation and trade messaging services to broker-dealers at a reduced cost. We also provide disclosure and information solutions for OTC traded companies that facilitate communication with investors and compliance with securities laws.
Pink OTC Markets is headquartered in New York City.
To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.
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SOURCE Pink OTC Markets Inc.