NEW YORK, May 23, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Taipan Resources Inc. (TSX-V: TPN; OTCQX: TAIPF), an independent Africa focused oil exploration company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Taipan begins trading today on OTCQX under the symbol "TAIPF." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Taipan Resources to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX enables Taipan to leverage its existing Canadian disclosure to broaden its exposure to U.S. investors. We look forward to working with Taipan as the company expands its visibility in the U.S. market."
Merriman Capital, Inc. serves as Taipan's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Taipan is an independent Africa focused oil exploration company with interests in Block 1 and 2B onshore Kenya through its wholly owned subsidiary Lion Petroleum Corp. The company presently has an estimated total mean net unrisked prospective resource of 1.5 billion barrels of oil equivalent.
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; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The Open Marketplace. 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.