NEW YORK, Sept. 27 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Perpetual Energy Inc. (TSX: PMT; OTCQX: PMGYF), a Canada based independent energy company producing primarily natural gas with growing volumes of oil and liquids, is now trading on the OTC market's highest tier, OTCQX®.
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Perpetual Energy began trading today on the OTC market's highest 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.
"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Perpetual Energy to OTCQX."
Dorsey & Whitney LLP will serve as Perpetual Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
"We are excited about the upgrade of Perpetual to OTCQX. This platform will provide our U.S. based investors with greater trading efficiencies and greater access to corporate information," said Cameron R. Sebastian, VP Finance and CFO of Perpetual Energy.
About Perpetual Energy Inc.
Perpetual Energy Inc. (TSX: PMT; OTCQX: PMGYF) is an independent energy company producing primarily natural gas with growing volumes of oil and liquids from properties in Alberta, Canada. Perpetual exists to be the energy investment of choice, generating sustainable, premium after-tax returns through finding, exploiting, producing and marketing oil and gas-based energy. Perpetual's asset base is well suited to the distribution of cash flow in the form of dividends, while reinvesting to sustain production and to generate growth from resource-style plays where evolving technologies are unlocking vast new sources of oil and natural gas.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].
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SOURCE Pink OTC Markets Inc.
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