NEW YORK, Oct. 16, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Gulf Coast Ultra Deep Royalty Trust (OTCQX: GULTU), a Delaware statutory trust created to hold overriding royalty interests in future production from each of McMoRan Oil & Gas LLC's Inboard Lower Tertiary/Cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana that existed as of December 5, 2012, has qualified to trade on the OTCQX® Best Market. GULTU previously traded on The NASDAQ Capital Market.
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Gulf Coast Ultra Deep Royalty Trust begins trading today on OTCQX under the symbol "GULTU." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Gulf Coast Ultra Deep Royalty Trust to the OTCQX Best Market," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX provides an efficient, cost-effective and robust public trading market for established companies like Gulf Coast Ultra Deep Royalty Trust that are looking to increase their visibility with investors and expand their investor base. We look forward to supporting GULTU in its continued success."
Squire Patton Boggs (US) LLP serves as Gulf Coast Ultra Deep Royalty Trust's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Gulf Coast Ultra Deep Royalty Trust is a Delaware statutory trust created to hold overriding royalty interests in future production from each of McMoRan Oil & Gas LLC's Inboard Lower Tertiary/Cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana that existed as of December 5, 2012.
About OTC Markets Group
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.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group
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