NEW YORK, Sept. 12, 2011 /PRNewswire/ -- 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, today
announced that AusTex Oil Limited (OTCQX: ATXDY; ASX: AOK), an oil
and gas exploration and production company, has chosen to have its
American Depositary Receipts (ADRs) traded on the highest tier of
the OTC market, OTCQX®.
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AusTex Oil 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.otcqx.com and 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 AusTex Oil to
OTCQX."
C.K. Cooper & Company will
serve as AusTex Oil's Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on OTCQX requirements.
About AusTex Oil Limited
AusTex Oil Limited (OTCQX: ATXDY; ASX: AOK) trades in
the United States on OTCQX under
the symbol "ATXDY", where each ADR represents 50 ordinary shares.
Through its wholly owned US subsidiaries, AusTex Oil Limited
operates as an oil and gas exploration and production company with
operations in Kansas and
Oklahoma and has a primary focus
on oil production.
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 for investor friendly companies),
OTCQB® (the U.S. reporting company marketplace for development
stage companies), and OTC Pink™ (the speculative trading
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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SOURCE OTC Markets Group Inc.
