NEW YORK, Jan. 24, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Primary Petroleum Corp. (TSX.V: PIE; OTCQX: PETEF), a company focused on the acquisition of prospective acreage in the Alberta Basin Bakken fairway in western Montana, is now trading on the OTC market's highest tier, OTCQX®.
"OTCQX provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Primary Petroleum to OTCQX."
"As a Canadian listed company with the majority of its assets in the Alberta Basin Bakken in Western Montana, along with a growing number of U.S. shareholders, we are looking forward to joining the prestigious OTCQX platform in tandem with Merriman's expertise as our PAL. With OTCQX, Primary Petroleum can provide U.S. investors with improved liquidity, superior information, transparency, and easy access through their U.S. regulated broker-dealers," states Mike Marrandino, President & CEO of Primary Petroleum.
Primary Petroleum Corp. 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.
Merriman Capital, Inc. will serve as Primary Petroleum's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Primary Petroleum Corp.
Primary Petroleum Corp. (TSX.V: PIE; OTCQX: PETEF), trades in the United States on OTCQX under the symbol "PETEF". Primary Petroleum has focused a majority of its resources in the acquisition of prospective acreage in the unconventional tight oil resource plays in Montana. The Company has a significant land position in the Alberta Basin Bakken Fairway in Western Montana and in the Northwest area of the Williston Basin in Eastern Montana. Currently Primary holds 100% working interest on over 220,000 net acres in both Bakken prospective areas.
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. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. 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.