NEW YORK, Dec. 16, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Spyglass Resources Corp. (OTCQX: SGLRF; TSX: SGL), an intermediate oil and gas company headquartered in Calgary, Alberta, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Spyglass began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies that are listed on a qualified international exchange, undergo management reviews 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 Spyglass to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Spyglass joins the more than 200 high quality Canadian companies trading on OTCQX. We look forward to working with Spyglass' management team as they continue to grow their visibility with U.S. investors."
"Spyglass is pleased to commence trading on the OTCQX marketplace," said Tom Buchanan, CEO of Spyglass Resources Corp. "Joining the OTCQX should broaden our access to both current and prospective U.S. shareholders."
Dorsey & Whitney LLP will serve as Spyglass' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Spyglass Resources Corp. is a dividend paying, intermediate oil & gas company headquartered in Calgary, Alberta that trades on the TSX under the symbol "SGL" and in the U.S. on OTCQX under the symbol "SGLRF." Spyglass currently operates oil and natural gas properties in Alberta, Saskatchewan and British Columbia.
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.
SOURCE OTC Markets Group Inc.