NEW YORK, March 6, 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 Range Resources Ltd. (OTCQX: RGRYD; ASX: RRS), a company focused on the exploration and development of oil and gas, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Range Resources 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 Range Resources to OTCQX," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "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."
Dahlman Rose & Co., LLC will serve as Range Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
About Range Resources Ltd.
Range Resources Ltd. (OTCQX: RGRYD; ASX: RRS AIM: RRL) trades in the United States on OTCQX under the symbol "RGRYD", where each ADR represents 40 ordinary shares. The ADR's will initially be trading under the code RGRYD for the first 15 days of trading after which it will revert back to the original code, RGRYY. Range Resources is also trading on the ASX under the symbol "RRS". Range Resources Ltd. engages in the exploration and development of oil and gas in Somalia, The Republic of Georgia, the United States, and Trinidad. The company's property interests includes Nugaal, and Dharoor blocks in Puntland, Somalia; East Texas Cotton Valley prospect in Red River county, Texas; and the North Chapman Ranch project in Nueces county, Texas. It also holds interests in blocks located in the Republic of Georgia along with three onshore oil and gas properties in Southern Trinidad. Range is based in Perth, Australia.
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.