NEW YORK, May 23, 2014 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Taipan
Resources Inc. (TSX-V: TPN; OTCQX: TAIPF), an independent
Africa focused oil exploration
company, has been approved to trade on OTCQX®, the best marketplace
with qualified companies.
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Taipan begins trading today on OTCQX under the symbol
"TAIPF." U.S. investors can find current financial disclosures
and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We welcome Taipan Resources to OTCQX," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "Trading on OTCQX enables Taipan to leverage
its existing Canadian disclosure to broaden its exposure to U.S.
investors. We look forward to working with Taipan as the
company expands its visibility in the U.S. market."
Merriman Capital, Inc. serves as Taipan's Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
Taipan is an independent Africa
focused oil exploration company with interests in Block 1 and 2B
onshore Kenya through its wholly
owned subsidiary Lion Petroleum Corp. The company presently
has an estimated total mean net unrisked prospective resource of
1.5 billion barrels of oil equivalent.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces 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 marketplaces to
better inform investors of opportunities and risks – OTCQX®, The
Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC
Pink®, The Open Marketplace. 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 marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.