November 15,
2010 - Calgary, AB - Philippine
Metals Inc. (the "Company") (TSXV: PHI) (FRANKFURT: PM7)(OTCQX:
PHIXF) is pleased to announce that the Company is now trading on the
OTCQX, the highest tier of the US OTC securities market.
Philippine Metals Inc. 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 www.otcqx.com and www.otcmarkets.com.
"We are pleased to welcome Philippine
Metals to OTCQX," said R. Cromwell Coulson, President and CEO of
Pink OTC Markets. "OTCQX provides the highest level of visibility
and access to US investors possible in the OTC market."
"Philippine Metals is a young company with
three exciting and diversified copper and copper gold projects in the
Philippines and a strong and experienced management and board. The
listing on the OTCQX is part of our aggressive growth plan of advancing
our three current projects, increase liquidity and market capitalization,
and growing the company to be a leader in project development and project
generation in country," stated Feisal Somji, Chief Executive Officer
of Philippine Metals. "In doing so we are pleased to be able
to provide US Investors a platform in which to trade our stock and access
full information about our company. We look forward to working with
the Pink OTC Markets and wish to thank them for their professionalism and
interest in our company."
Hodgson Russ LLP will serve as Philippine
Metals' Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on OTCQX requirements.
To learn more about Philippine Metals, please
visit our website at: www.philippinemetals.com.
About the OTCQX
The OTCQX marketplace is the premier tier of the
U.S. OTC market. Investor-focused companies use the
quality-controlled OTCQX platform to offer investors transparent trading,
superior information, and easy access through their regulated US
broker-dealers. The innovative OTCQX platform offers companies and their
shareholders a level of marketplace services formerly available only on a
US stock exchange. For more information and to view a full list of
OTCQX companies, visit www.otcqx.com.
About Pink OTC
Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the
leading electronic interdealer quotation and trading system for over
9,000 securities not listed on a US stock exchange. Pink OTC Markets segments
these securities into three tiers: the quality-controlled OTCQX
marketplace, the US registered and reporting OTCQB marketplace, and the
speculative trading Pink Sheets marketplace. These three tiers constitute
the third largest US liquidity pool for trading public company shares,
after The NASDAQ Stock Market, Inc. and The New York Stock Exchange.
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 www.otcmarkets.com, www.pinkotc.com and www.otcqx.com
or contact us at info@pinkotc.com.
About
Philippine Metals Inc.
Philippine Metals Inc. is focused on the
exploration, discovery and development of highly prospective copper and
copper-gold deposits in the Philippines. Based on the region's geological
environment, the company's management team recognizes the country's
potential for hosting large, world-class deposits of copper and
copper-gold.
The Company's initial projects, Taurus, Malitao
and Dilong, are examples of management's ability to source quality,
highly prospective targets. The management team combines strong financial
capabilities with world-class experience in mineral exploration,
discovery and mine development.