Simba Energy Joins OTCQX – Appoints New Director
Jan 17, 2012
OTC Disclosure News Service
Vancouver, BC, Canada –
January 17, 2012, Vancouver, British Columbia, Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt:GDA, OTCCBB: SMBZF) is pleased to update its shareholders onthe following activities.
The Company announces it is now trading on the OTC market’s highest tier, OTCQX International,under the symbol SMBZF. The OTCQX,operated by OTC Markets Group Inc. (OTCQX: OTCM), is a financial informationand technology services company that operates the leading electronic quotationand trading system in the U.S. OTC securities market.
“We are pleased we are now able to provide current and potential U.S. investors abetter quality platform to access our Company’s securities,” states RobertDinning, President CEO of Simba Energy. “…the American investing public is becoming keenly aware of theimportance of the secure and strategic supply of petroleum resources andopportunities in Africa. In response,while we continue advancing our portfolio of such assets we feel that thislisting is an important step in exposing and presenting our company to the U.S.market.”
Investors can now find current financial disclosure and Real-Time Level 2 quotes for thecompany on www.otcqx.com and www.otcmarkets.com. Soloway Group, PC will serve as SimbaEnergy’s principal American liaison on OTCQX, responsible for providingguidance on OTCQX requirements.
Additionally, the Company isalso pleased to announce the appointment of Mr. Hassan Hassan to the Board ofDirectors. Mr. Hassan is currentlyManaging Director – Operations for the Company overseeing the acquisition anddevelopment of energy resource assets in various countries throughout Africaand the Middle East. Mr. Hassan hasspent the past 20 years as a consultant and advisor to numerous public andprivate companies for international business development and acquisitions inthe resource and hi-tech sectors. Duringthe past 8 years Mr. Hassan has focused on mineral resource opportunities in WestAftrican countries and developed strong relationships and affiliations withinnumerous governments and energy sector.
About OTCMarkets Group Inc.
OTC MarketsGroup Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplacefor broker-dealers to trade unlisted stocks. The OTC Link platform supports an open network of competingbroker-dealers that provide investors with the best prices in over 10,000 OTCsecurities. In 2010, securities on OTCLink traded over $144 billion in dollar volume, making it the third largestU.S. equity trading venue after NASDAQ and the New York Stock Exchange. The wide spectrum of OTC-traded companies arecategorized into three tiers so investors can identify the level and quality ofinformation companies provide:
- OTCQX (the quality-controlled marketplace for investor friendly companies);
- OTCQB (the U.S. reporting company marketplace for development stage companies), and;
- OTC Pink (the speculative trading marketplace)
To learnmore about how OTC Markets Group makes the unlisted markets more transparent,informed, and efficient, visit www.otcmarkets.com.
“The OTCQX platform supports a transparent marketplace with high-quality issuers,financial information disclosure and efficient trading for U.S. investors… weare pleased to welcome Simba Energy to OTCQX.”, remarked R. CromwellCoulson, president and chief executive officer of OTC Markets Group.
About Simba Energy Inc.
Simba Energy is a Vancouver, B.C. based oil and gasexploration company focusing on underexplored overlooked basins in its pursuitof hydrocarbon opportunities in Africa (currently Liberia, Mali, Ghana, Guinea,Kenya and others). This region has shown increased promise fordevelopment of new hydrocarbon deposits. The Company’s Senior Management Team aims to leverage their expertiseand affiliations to pursue, secure and develop strategic assets thatdemonstrate high potential for drilling and or production operations; and to doso in a manner of best practices and to the betterment of those communitieswhere we work.
ON BEHALF OF THE BOARD
“Robert Dinning”, President CEO
For further information contact Simba Energy Inc.,at 604-641-4450, or visit: www.simbaenergy.ca , or email@example.com, or Mark Sommer, Toll Free: 1-855-777-4622.
We seek safe harbour.
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.