NEW YORK, Feb. 10, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Canacol
Energy Ltd. (OTCQX: CNNEF; TSX: CNE; BVC: CNEC), an international
oil and gas exploration company, has been approved to trade on
OTCQX®, the best marketplace with qualified companies.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Canacol begins trading today on OTCQX International Premier, a
segment of the OTCQX marketplace reserved for world-leading
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 to welcome Canacol to OTCQX," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "Canacol joins the growing number of
international companies that are choosing OTCQX to provide their
U.S. investors convenient access to their news and financials and
real-time transparent trading information. We look forward to
working with Canacol's management as they grow the company's
visibility with U.S. investors."
Charle Gamba, President and CEO
of Canacol, commented, "The company is delivering strong production
and reserves growth from its operations in Colombia and Ecuador and is participating in a large shale
oil exploration program alongside our partners ConocoPhillips,
ExxonMobil and Shell in Colombia. Trading on OTCQX
International Premier will create greater visibility with U.S.
investors and facilitate the company's opportunity in the global
capital markets. The new listing will complement our presence
on the Toronto Stock Exchange and the Colombia Stock Exchange while
facilitating and enhancing global trading in Canacol's common
shares, especially in the U.S. market."
Merriman Capital, Inc. serves as Canacol's Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
Canacol Energy Ltd. is an oil and gas exploration and
production company with operations focused in Colombia and Ecuador. The company has interests in 25
exploration and production contracts representing 1.6 million net
acres. The portfolio is well diversified, from proven oil and
gas producing assets to a large exploration inventory of
conventional and unconventional prospective oil and gas resources.
Canacol's world-class operating partners include
ConocoPhillips, ExxonMobil, Pacific Rubiales, Shell and
Sinochem.
Canacol's common stock trades on the Toronto Stock Exchange and
the Colombia Stock Exchange under ticker symbols "CNE" and "CNEC,"
respectively, and in the U.S. on the OTCQX marketplace under the
symbol "CNNEF."
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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Media Contact:
Saskia Sidenfaden, OTC Markets Group
Inc., +1 (212) 896-4428, saskia@otcmarkets.com
SOURCE OTC Markets Group Inc.