NEW YORK, May 8, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Victory Energy Corp. (OTCQX: VYEY), a growth-oriented oil and gas exploration and production company, has been approved to trade on OTCQX®, the best marketplace with qualified companies.
Victory begins trading today on OTCQX under the symbol "VYEY." 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 Victory Energy to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Victory exemplifies the high-quality U.S. companies that have chosen OTCQX to provide their investors with a superior trading and information experience. We look forward to working with Victory as it continues in its journey as a transparent, shareholder-friendly public company."
"We are excited to have our stock trade on OTCQX," stated Kenny Hill, CEO of Victory Energy. "We have made significant progress in expanding our assets and capitalizing over the last year. These efforts crystallize our opportunity to sustain development and generate value for our shareholders. Trading on the OTCQX marketplace will help us further increase our shareholder base and liquidity as we enter this next stage of the company's growth."
Euro Pacific Capital, Inc. serves as Victory's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
About Victory Energy
Victory Energy Corporation (OTCQX: VYEY), based in Austin, Texas with additional resources in Midland is a high growth oil and gas Exploration and Production (E&P) company that is focused on creating shareholder value through the acquisition and development of assets in the World Class Permian Basin. The company currently holds interests in the Permian where its targets are high profile plays such as the Wolfcamp, Mississippian and Fusselman formations. The company is growing cash-flows through sustainable low-risk vertical well development on existing properties and new acquisitions which offer repeatable and highly profitable results. The company achieves these results by targeting predictable resources plays, favorable operating environments and consistent reservoir quality across multiple target horizons with long-lived reserve characteristics. For additional information on the company, please visit www.vyey.com.
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.