NEW YORK, Dec. 5, 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 over-the-counter ("OTC")
stocks, announced that Austin Exploration Ltd. (OTCQX: AUNXY; ASX:
AKK), an oil and gas development company, has chosen to have its
American Depositary Receipts (ADRs) traded on the highest tier of
the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Austin Exploration began trading today on the OTC market's
prestigious tier, OTCQX International Premier. Investors can
find current financial disclosure and Real-Time Level 2 quotes for
the Company on www.otcqx.com and www.otcmarkets.com.
"Considering our recent successes at our projects in
the United States, coupled with
our promising site in Australia's
Cooper Basin, the timing of our OTCQX membership could not be
better," said Guy Goudy, CEO of
Austin Exploration.
"OTCQX provides the highest level of visibility and access to
U.S. investors possible in the OTC marketplace." said R.
Cromwell Coulson, President and Chief Executive Officer of OTC
Markets Group. "We are pleased to welcome Austin Exploration to
OTCQX."
Casimir Capital L.P. will serve as Austin Exploration's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements.
About Austin Exploration Ltd.
Austin Exploration Ltd. (OTCQX: AUNXY; ASX: AKK) trades in
the United States on OTCQX under
the symbol "AUNXY", where each ADR represents 100 ordinary shares.
Austin Exploration is an Oil and Gas Company with both producing
and exploration assets in Australia and the
United States. With a recently strengthened Board and
Management team, that combined brings more than 100 years of
note-worthy Oil and Gas experience, the company in 2011 has
strategically shifted its core focus towards non –conventional
shale exploration in the United Sates. The Company has now
established a major presence in two of Americas most prolific oil
and gas basins. Austin controls
more than 11,000 acres in Colorado
in the Niobrara Shale and over 5000 acres in Texas in the Eagle Ford Shale. Austin
has producing Oil and Gas wells in Texas, Mississippi and Kentucky and through its wholly owned US
Subsidiary, Aus-Tex Exploration Inc, turned cash flow positive in
January 2011.
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), 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.