NEW YORK, March 6, 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 Range Resources Ltd. (OTCQX: RGRYD; ASX: RRS), a company
focused on the exploration and development of oil and gas, 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
)
Range Resources 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.otcmarkets.com.
"We are pleased to welcome Range Resources to OTCQX,"
said R. Cromwell Coulson, President and Chief Executive
Officer of OTC Markets Group. "OTCQX provides services to companies
which enable them to communicate with and engage their investors,
while providing them with transparent trading and easy access to
company information."
Dahlman Rose & Co., LLC will
serve as Range Resources' Principal American Liaison ("PAL") on
OTCQX, responsible for providing guidance on OTCQX
requirements.
About Range Resources Ltd.
Range Resources Ltd. (OTCQX: RGRYD; ASX: RRS AIM: RRL) trades in
the United States on OTCQX under
the symbol "RGRYD", where each ADR represents 40 ordinary shares.
The ADR's will initially be trading under the code RGRYD for the
first 15 days of trading after which it will revert back to the
original code, RGRYY. Range Resources is also trading on the ASX
under the symbol "RRS". Range Resources Ltd. engages in the
exploration and development of oil and gas in Somalia, The Republic of Georgia, the United
States, and Trinidad. The
company's property interests includes Nugaal, and Dharoor blocks in
Puntland, Somalia; East Texas
Cotton Valley prospect in Red River
county, Texas; and the
North Chapman Ranch project in Nueces
county, Texas. It also
holds interests in blocks located in the Republic of Georgia along with three onshore oil and gas
properties in Southern Trinidad.
Range is based in Perth,
Australia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest OTC marketplace for equity securities. Our OTC Link®
trading system delivers price transparency in over 10,000
securities and enables direct interaction between broker-dealers
that provide liquidity and execution services. We organize the
marketplace by categorizing the wide spectrum of OTC-traded
companies into three tiers: OTCQX - The Intelligent Marketplace for
the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC
Pink® - The Open Marketplace. Our information-driven platform makes
it easy for investors to trade at the best price through the broker
of their choice and empowers companies to build the best markets
for their investors. To learn more about our Open, Transparent, and
Connected marketplace, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.