Canacol Energy Begins Trading on OTCQX®
NEW YORK, Feb. 10, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Canacol Energy Ltd. (OTCQX: CNNEF; TSX: CNE; BVC: CNEC), an international oil and gas exploration company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Canacol begins trading today on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Canacol to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Canacol joins the growing number of international companies that are choosing OTCQX to provide their U.S. investors convenient access to their news and financials and real-time transparent trading information. We look forward to working with Canacol's management as they grow the company's visibility with U.S. investors."
Charle Gamba, President and CEO of Canacol, commented, "The company is delivering strong production and reserves growth from its operations in Colombia and Ecuador and is participating in a large shale oil exploration program alongside our partners ConocoPhillips, ExxonMobil and Shell in Colombia. Trading on OTCQX International Premier will create greater visibility with U.S. investors and facilitate the company's opportunity in the global capital markets. The new listing will complement our presence on the Toronto Stock Exchange and the Colombia Stock Exchange while facilitating and enhancing global trading in Canacol's common shares, especially in the U.S. market."
Merriman Capital, Inc. serves as Canacol's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Canacol Energy Ltd. is an oil and gas exploration and production company with operations focused in Colombia and Ecuador. The company has interests in 25 exploration and production contracts representing 1.6 million net acres. The portfolio is well diversified, from proven oil and gas producing assets to a large exploration inventory of conventional and unconventional prospective oil and gas resources. Canacol's world-class operating partners include ConocoPhillips, ExxonMobil, Pacific Rubiales, Shell and Sinochem.
Canacol's common stock trades on the Toronto Stock Exchange and the Colombia Stock Exchange under ticker symbols "CNE" and "CNEC," respectively, and in the U.S. on the OTCQX marketplace under the symbol "CNNEF."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces 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 marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. 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 marketplaces, visit www.otcmarkets.com.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
SOURCE OTC Markets Group Inc.