Simba Energy Inc. Joins OTCQX

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Jan 05, 2012, 07:00 ET

NEW YORK, Jan. 5, 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 Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) is now trading on the highest tier of the OTC market, OTCQX®. Simba Energy is an oil and gas exploration company focused on overlooked and under explored basins in Africa.

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Simba Energy began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for Simba Energy on www.otcmarkets.com.

"The OTCQX platform supports a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Simba Energy to OTCQX."

Soloway Group, P.C. will serve as Simba Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Simba Energy Inc.
Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) trades in the United States on OTCQX under the symbol "SMBZF", and in Canada on the TSX Venture under the symbol "SMB". Simba Energy Inc. is an oil & gas exploration company focused on overlooked and under explored basins in Africa. Simba holds Production Sharing Contracts in Kenya and Republic of Guinea. Simba also has a Hydrocarbon Reconnaissance License in Liberia and is in advanced negotiations for Production Sharing Agreements in Mali and Ghana.

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 intelligent 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.