NEW YORK, Sept. 12, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that AusTex Oil Limited (OTCQX: ATXDY; ASX: AOK), an oil and gas exploration and production company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
AusTex Oil began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome AusTex Oil to OTCQX."
C.K. Cooper & Company will serve as AusTex Oil's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About AusTex Oil Limited
AusTex Oil Limited (OTCQX: ATXDY; ASX: AOK) trades in the United States on OTCQX under the symbol "ATXDY", where each ADR represents 50 ordinary shares. Through its wholly owned US subsidiaries, AusTex Oil Limited operates as an oil and gas exploration and production company with operations in Kansas and Oklahoma and has a primary focus on oil production.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.