OTC Markets Group Inc. (OTCM: OTC Link) | International Petroleum Limited Joins OTCQX

International Petroleum Limited Joins OTCQX

Dec 21, 2011

OTC Disclosure News Service

New York, NY –

International Petroleum Limited Joins OTCQX

 

NEW YORK – December 21, 2011 OTC Markets Group Inc. (OTCQX: OTCM the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that International Petroleum Limited (OTCQX: ITPLY; NSX: IOP), an oil and gas exploration company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.

 

International Petroleum began trading today on the OTC market’s prestigious tier, OTCQX International.  Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

 

“We are pleased to welcome International Petroleum to OTCQX,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors.”

 

Merriman Capital, Inc. will serve as International Petroleum’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.

 

About International Petroleum Limited

International Petroleum Limited (OTCQX: ITPLY; NSX: IOP) trades in the United States on OTCQX under the symbol “ITPLY”, where each ADR represents 20 ordinary shares. International Petroleum is an oil and gas exploration company with assets in Russia and Kazakhstan. It owns two oil exploration projects in Western Siberia (one in Khanty-Mansiysk, in which it has discovered two commercial oilfields, and one in Tomsk) and a 50% interest in a project covering 24,649 sq km in eastern Kazakhstan.

 

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.  Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX (the quality-controlled marketplace), OTCQB® (the venture marketplace), and OTC Pink (the open marketplace) – so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

 

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Media Contact:

Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428, grace@otcmarkets.com

Chris Hopkinson, CEO, International Petroleum Limited, +44 20 3435 7676, chopkinson@int-petroleum.com

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/OTCM/news?id=40152

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