NEW YORK, March 30, 2011 (GLOBE NEWSWIRE) -- INTL Trading, Inc., a wholly owned subsidiary of INTL FCStone Inc. (Nasdaq:INTL), today announced that it will serve as the Principal American Liaison (PAL) for Industrial Minerals Corp. (OTCQX:ILMCY), whose shares will now be trading on the over-the-counter market's highest tier, the OTCQX.
Industrial Minerals Corp. owns 100% of Oregon Resources Corporation (ORC), which is developing the Southern Oregon Mineral Sands project covering approximately 2,600 acres of terraced mineral sands properties near Coos Bay in southwestern Oregon.
Charles Lyon, Director of INTL Trading, Inc. said, "We're delighted to play this role for Industrial Minerals Corp. Listing on the OTCQX will provide them with access to U.S. capital markets and enhance their visibility to U.S. investors."
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 U.S. broker-dealers.
About INTL Trading, Inc.
INTL Trading makes markets in more than 2000 unlisted ADRs and foreign ordinary shares that trade in the OTC markets. INTL Trading will provide quotes on over 8,000 international issues. Trading unlisted ADRs and foreign ordinary shares is complicated by limited liquidity, complex local market settlements and a lack of market participants prepared to commit capital to these markets. INTL Trading, Inc. is a broker/dealer member of FINRA/SIPC.
About INTL FCStone Inc.
INTL FCStone Inc., through its subsidiaries, provides execution and advisory services in commodities, currencies and international securities. INTL FCStone's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 10,000 commercial customers in more than 100 countries through a network of offices in eleven countries around the world. Further information on INTL FCStone Inc. is available at .
Forward Looking Statements
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These forward-looking statements are based largely on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the combined company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by INTL FCStone Inc. with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.
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