NEW YORK, May 16, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Target
Energy Ltd. (OTCQX: TEXQY; ASX: TEX), a U.S.-focused oil and gas
exploration and production company, has chosen to have its American
Depositary Receipts (ADRs) traded on OTCQX®, the best OTC
marketplace with qualified companies.
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Target Energy began trading today on OTCQX International, a
segment of the OTCQX marketplace reserved for high-quality non-U.S.
companies listed on a qualified stock exchange in their home
country. U.S. investors can find current financial
disclosures and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are pleased Target Energy has chosen to trade on OTCQX,"
said R. Cromwell Coulson, President
and CEO of OTC Markets Group. "The OTCQX marketplace offers
investor-focused companies an efficient and effective way to
enhance their visibility with U.S. investors through high-quality
disclosure, transparent trading and ease of access to company
information."
"We are proud to join OTCQX, which will enable us to provide our
U.S. investors with timely news and information to help them better
analyze, value and trade our securities," said Laurence Roe, Managing Director of Target
Energy.
C. K. Cooper & Company will
serve as Target Energy's Principal American Liaison ("PAL") on
OTCQX, responsible for providing professional guidance on OTCQX
requirements.
Target Energy is a U.S.-focused oil and gas exploration and
production company. The company has assets in the Permian
Basin, West Texas and in the
Texas and Louisiana Gulf
Coasts.
Target Energy trades in the U.S. on OTCQX under the symbol
"TEXQY," where each ADR represents 100 ordinary shares.
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.