NEW YORK, Nov. 24, 2015 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Madalena Energy Inc. (TSX-V: MVN; OTCQX: MDLNF), an independent, Canada-based oil and gas exploration, development and production company, has qualified to trade on the OTCQX® Best Market.
“We are pleased to welcome Madalena Energy to our family of established, investor-focused OTCQX companies,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “OTCQX provides an efficient and transparent U.S. trading market for Canadian and other international companies that are looking to expand their visibility and shareholder base in the U.S. We look forward to supporting Madalena Energy’s continued growth and prosperity.”
“In response to growing investor interest we have chosen to have Madalena’s shares traded on the OTCQX, enabling greater exposure and accessibility to our expanding U.S. and global shareholder base,” said Madalena’s President and CEO Kevin Shaw. “Madalena looks forward to broadening its shareholder base further through the OTCQX platform.”
Burns Figa & Will PC serves as Madalena Energy’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Madalena Energy is an independent, Canada-based international and domestic upstream oil and gas company whose main business activities include exploration, development and production of crude oil, natural gas liquids and natural gas. Madalena Energy owns properties in Argentina and in Western Canada in the Greater Paddle River area of west-central Alberta.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
SOURCE OTC Markets Group Inc.