Shona Energy Co. Inc. Joins OTCQX
May 18, 2012
OTC Disclosure News Service
New York, NY –
Shona Energy Co. Inc. Joins OTCQX
NEW YORK – May 18, 2012 – OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world’s largest electronic marketplace for OTC-traded equities, today announced that Shona Energy Co. Inc. (OTCQX: SHOAF; TSXV: SHO), a diversified resource company, is now trading on the highest tier of the OTC market, OTCQX®.
Shona Energy began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosures 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 Shona Energy to OTCQX.”
Global Hunter Securities will serve as Shona Energy’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Shona Energy Co. Inc.
Shona Energy Co. Inc. (OTCQX: SHOAF; TSXV: SHO) trades in the United States on OTCQX under the symbol “SHOAF”, and in Canada on the TSX Venture Exchange under the symbol “SHO”. Shona Energy is an international oil and gas exploration, development and production company focusing on South America, specifically Colombia and Peru. The Company’s assets currently include interests in the Company-operated Esperanza block located in Colombia’s Lower Magdalena Basin, the non-operated Serrania, Los Picachos and Macaya Blocks in Colombia’s Caguan Putumayo Basin, and the non-operated Block 102 in Peru’s Maranon Basin.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest OTC marketplace for equity securities. Our OTC Link® trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded equity securities into three marketplaces to inform investors of opportunities and risks – OTCQX – The Intelligent Marketplace for the Best OTC Companies; OTCQB® – The Venture Marketplace; and OTC Pink® – The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.
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Media Contact for OTC Markets Group:
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.
