NEW YORK, Jan. 28, 2014 /PRNewswire/ --OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced that PetroShale, Inc.
(OTCQX: PSHIF; TSX-V: PSH), an oil company focused on the Williston
Bakken in North Dakota and
Montana, has been approved to
trade on OTCQX®, the best marketplace with qualified companies.
(Logo:
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PetroShale begins trading today on OTCQX International, a
segment of the OTCQX marketplace reserved for high-quality non-U.S.
companies that are listed on a qualified international exchange and
provide their home country disclosure to U.S. investors. U.S.
investors can find current financial disclosures and Real-Time
Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased PetroShale has chosen to trade on the OTCQX
marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group. "With
this move, PetroShale ensures its U.S. investors will have
transparent trading and convenient access to its news and
disclosure, making it easier to analyze, value and trade its
securities. We look forward to working with PetroShale's
management team as they continue to grow the company's visibility
in the U.S. market."
Dorsey & Whitney LLP serves as PetroShale's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements and U.S. securities
laws.
PetroShale is a growing oil company committed to value creation
by identifying and consolidating interests in the prolific,
multi-zone Williston Basin in
North Dakota and Montana. Through a strategic relationship with
Denver-based Slawson Exploration
Company, Inc. (SECI), a division of Slawson Companies, PetroShale
seeks to leverage SECI's operating expertise to effectively and
efficiently exploit this high-impact resource. PetroShale
manages its risk and capital exposure by acquiring working
interests in fields being developed by large, experienced and
capable operators who employ leading-edge technologies to maximize
production, optimize ultimate recoveries and enhance rates of
return.
PetroShale will trade in the U.S. on OTCQX under the symbol
"PSHIF."
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through our OTC
Link® ATS, we directly link a diverse network of broker-dealers
that provide liquidity and execution services for a wide spectrum
of securities. We organize these securities into marketplaces to
better inform investors of opportunities and risks – OTCQX®, The
Best Marketplace with Qualified Companies; OTCQB®, The Venture
Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The
Open Marketplace with Variable Reporting Companies. Our data-driven
platform enables investors to easily trade through the broker of
their choice at the best possible price and empowers a broad range
of companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.