NEW YORK, Jan. 5, 2012 /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, announced
that Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) is now trading on
the highest tier of the OTC market, OTCQX®. Simba Energy is
an oil and gas exploration company focused on overlooked and under
explored basins in Africa.
(Logo:
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Simba 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 Simba Energy
on www.otcmarkets.com.
"The OTCQX platform supports a transparent marketplace with high
quality issuers, financial information disclosure and efficient
trading for U.S. investors," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome Simba Energy to
OTCQX."
Soloway Group, P.C. will serve as Simba Energy's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
guidance on OTCQX requirements.
About Simba Energy Inc.
Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) trades in
the United States on OTCQX under
the symbol "SMBZF", and in Canada
on the TSX Venture under the symbol "SMB". Simba Energy Inc.
is an oil & gas exploration company focused on overlooked and
under explored basins in Africa.
Simba holds Production Sharing Contracts in Kenya and Republic of Guinea. Simba also has a Hydrocarbon
Reconnaissance License in Liberia
and is in advanced negotiations for Production Sharing Agreements
in Mali and Ghana.
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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SOURCE OTC Markets Group Inc.