NEW YORK, March 8, 2012 /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, announced that Mako Energy Ltd (OTCQX: MAEEY; ASX: MKE), an Australia based oil and gas company focused on development in Western Canada, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Mako Energy 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.otcmarkets.com.
"We are pleased to welcome Mako Energy to OTCQX," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "The OTCQX platform supports a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors."
Casimir Capital L.P. will serve as Mako Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Mako Energy Ltd
Mako Energy Ltd (OTCQX: MAEEY; ASX: MKE) trades in the United States on OTCQX under the symbol "MAEEY", where each ADR represents 20 ordinary shares. Mako Energy is also trading on the ASX under the symbol "MKE". Mako Energy Limited is an exploration and producing oil and gas company based in Calgary, Alberta. Mako is focused on the light oil and liquids rich gas area of the Western Canadian Sedimentary Basin in west central Alberta. The Company's primary interests are in the Rock Creek formation (light oil and liquids rich gas) and in the Duvernay formation (world class, liquids rich shale). Mako's shares trade on the Australian Stock Exchange ("ASX") under the symbol MKE. To learn more about Mako Energy Limited, visit www.makoenergy.ca.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.