OTC Markets Group Inc. (OTCM: OTC Link) | New Zealand Energy Corp. Joins OTCQX

New Zealand Energy Corp. Joins OTCQX

Dec 20, 2011

OTC Disclosure News Service

New York, NY –

New Zealand Energy Corp. Joins OTCQX

 

NEW YORK – December 20, 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 New Zealand Energy Corp. (OTCQX: NZERF; TSX.V: NZ), an oil and natural gas company, is now trading on the highest tier of the OTC market, OTCQX®.

 

New Zealand Energy Corp. will begin 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.

 

Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency, said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome New Zealand Energy Corp. to OTCQX.”

 

Dorsey Whitney LLP will serve as New Zealand Energy Corp.’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.

 

About New Zealand Energy Corp.

New Zealand Energy Corp. (OTCQX: NZERF; TSX.V: NZ) trades in the United States on OTCQX under the symbol “NZERF”, and in Canada on the TSX Venture Exchange under the symbol NZ”. New Zealand Energy Corp. (“NZEC”) is an oil and natural gas company engaged in the exploration, development and production of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers nearly two million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand.

 

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 intelligent 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

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=40068

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