DENVER, Nov. 18, 2013 /PRNewswire/
-- American Eagle Energy Corporation (OTCQX:
AMZG) (the "Company" or "American Eagle") is pleased to
announce that its common stock has been approved to list on the
NYSE MKT. Trading is expected to commence on the
NYSE MKT at the opening of the market on Wednesday, November 20, 2013, and will continue
to trade under the ticker symbol "AMZG". Through
the close of the market on Tuesday, November
19, 2013, American Eagle's shares will continue to trade on
the OTCQX.
"The move to the NYSE MKT could not have come at a better time
for the Company and its stockholders," stated Brad Colby, President and CEO of American
Eagle. Colby continued, "We just announced our
third-quarter results with record quarterly oil production, record
quarterly oil sales, and record Adjusted EBITDA.
The listing of our common stock on the NYSE MKT
is an important next step in our ongoing efforts to increase the
visibility of American Eagle and to maximize stockholder return.
We are excited about the NYSE MKT listing,
which, we believe, should increase the trading liquidity of our
stock, broaden our stockholder base, and raise our profile in the
investment community."
The Company also announces that it has selected
Brendan E. Cryan & Co. as its
Designated Market Maker (DMM) on the NYSE MKT.
The NYSE MKT is considered to be a premier US equities market for
the listing and trading of growing companies that are similar to,
as well as much larger than, American Eagle. The
NYSE MKT is a fully integrated trading venue within the NYSE
Euronext community and leverages the NYSE's advanced and innovative
market model to offer a premier venue for American
Eagle. The venue utilizes the trading,
connectivity, and routing technologies of the NYSE platform and
offers superior price discovery, superior liquidity, and reduced
trading volatility. The Designated Market Maker
that American Eagle selected is expected to utilize the world-class
NYSE trading systems to discover and improve prices, dampen
volatility, add liquidity, and enhance value. In
addition, NYSE MKT-listed companies, such as American Eagle, gain
access to the brand visibility and will be eligible for the
issuer services enjoyed by the NYSE Euronext community.
"As an NYSE MKT-listed company, American Eagle Energy
Corporation will join other growth-oriented companies that take
advantage of the NYSE's advanced and innovative market model to
offer a premier value for listing and trading their stocks," said
Scott Cutler, Executive Vice
President, Global Listings at NYSE Euronext. "We welcome American
Eagle Energy Corporation to our growing community of issuers and
look forward to a long-term partnership together."
ABOUT AMERICAN EAGLE ENERGY CORPORATION
American Eagle Energy Corporation is an independent exploration
and production operator focused on acquiring acreage and developing
wells that target the Bakken and Three
Forks shale oil formations in the Williston Basin of North Dakota and Montana. The Company is based in Denver, CO. More information about American
Eagle Energy can be found at www.americaneagleenergy.com or by
contacting investor relations at 303-798-5235 or ir@amzgcorp.com.
Company filings with the Securities and Exchange Commission can be
obtained free of charge at the SEC's internet site at
www.sec.gov.
SAFE HARBOR
This press release may contain forward-looking statements
regarding future events and the Company's future results that are
subject to the safe harbors created under the Securities Act of
1933 (the "Securities Act") and the Securities Exchange Act of 1934
(the "Exchange Act"). All statements other than
statements of historical facts included in this press release
regarding the Company's financial position, business strategy,
plans and objectives of management for future operations, industry
conditions, and indebtedness covenant compliance are
forward-looking statements. When used in this
report, forward-looking statements are generally accompanied by
terms or phrases such as "estimate," "project," "predict,"
"believe," "expect," "anticipate," "possible," "target," "plan,"
"intend," "seek," "goal," "will," "should," "may" or other words
and similar expressions that convey the uncertainty of future
events or outcomes. Items contemplating or
making assumptions about, actual or potential future sales, market
size, collaborations, and trends or operating results also
constitute such forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties and important factors (many of which are beyond the
Company's control) that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including the following: general economic or
industry conditions, nationally and/or in the communities in which
the Company conducts business, changes in the interest rate
environment, legislation or regulatory requirements, conditions of
the securities markets, our ability to raise capital, changes in
accounting principles, policies, or guidelines, financial or
political instability, acts of war or terrorism, other economic,
competitive, governmental, regulatory and technical factors
affecting the Company's operations, products, services, and
prices.
The Company has based these forward-looking statements on its
current expectations and assumptions about future
events. While management considers these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory,
and other risks, contingencies, and uncertainties, most of which
are difficult to predict and many of which are beyond the Company's
control. The Company does not assume any obligations to update any
of these forward-looking statements.
INVESTOR RELATIONS CONTACT:
Marty Beskow
Vice President of Capital Markets and Strategy
American Eagle Energy Corporation
303-798-5235
ir@amzgcorp.com
www.americaneagleenergy.com
Brad Holmes
EnergyIR
713-654-4009
B_holmes@att.net
SOURCE American Eagle Energy Corporation
