VANCOUVER, Dec. 1, 2014 /CNW/ - Jericho Oil Corporation
("Jericho" or the "Company") (TSX-V: JCO, OTCQX: JROOF), a
growth-oriented oil company engaged in the acquisition,
exploration, development and production of overlooked and
undervalued oil properties in North
America, announces that its common shares will commence
trading on the OTCQX® marketplace in the U.S., effective
Dec. 1, 2014 under the symbol
JROOF.
Trading on OTCQX is designed to provide existing and future U.S.
based shareholders with greater access to and ease of trading in
the Company's shares. U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for Jericho on
www.otcmarkets.com .
Allen Wilson, CEO of Jericho,
stated, "Our operations are based in the U.S. and the OTCQX
marketplace is an important part of our capital markets strategy,
providing us with greater exposure and accessibility to U.S.
investors at this exciting stage in our development."
Jericho is well-capitalized following its recent $4.23 million equity financing. The Company is
currently drilling 50 producer and injector wells as part of its
Phase II Development program in Eastern
Kansas and expects continued growth in Q4-2014 and
Q1-2015.
Merriman Capital, Inc. serves as Jericho's Principal American
Liaison ("PAL") responsible for providing professional guidance on
OTCQX requirements.
About Jericho Oil Corporation
Jericho is focused on growth through consistent, predictable and
repeatable high margin conventional oil production by bringing new
and proven technology to legacy, onshore basins in North America. The Company has acquired a 50%
interest in 29 leases comprised of nearly 3,750 acres. Jericho
expects to continue its extensive development program throughout
the next 12 months and will provide updates as the program
progresses. For more information, please visit
www.jerichooil.com.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and Canadian securities laws. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could
cause actual events and results to differ materially from Jericho's
expectations include risks related to the exploration stage of
Jericho's project; market fluctuations in prices for securities of
exploration stage companies; and uncertainties about the
availability of additional financing.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Jericho Oil Corporation
