NEW YORK, June 2, 2014 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Lonestar
Resources, Ltd.http://www.otcmarkets.com/stock/LNREF/quote (ASX:
LNR; OTCQX: LNREF), an oil and gas exploration company based in
Fort Worth, Texas, has been
approved to trade on OTCQX®, the best marketplace with qualified
companies.
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Lonestar's ordinary shares begin trading today on OTCQX under
the symbol "LNREF." U.S. investors can find current financial
disclosures and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are pleased to welcome Lonestar to OTCQX," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "Trading on OTCQX enables Lonestar to provide
its U.S. investors transparent trading and convenient access to its
news and disclosure so they can more easily analyze, value and
trade its securities. We look forward to working with
Lonestar as they continue to enhance value for its
shareholders."
"Lonestar is at an exciting stage in its development having
recently completed a strategic transaction in the Eagle Ford which
expanded its net leasehold position in the Eagle Ford Shale play to
over 23,000 acres, and established substantial liquidity in the
form of its $220 million Senior
Unsecured Note Offering," stated Frank D. Bracken, III,
Lonestar's CEO.
Cowen and Company serves as Lonestar's Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
About Lonestar Resources, Ltd.
Lonestar
Resources, Ltd. is a leading independent oil and gas company
involved in exploration, production, and acquisition of
unconventional oil and gas reserves. Our company's growth is
focused on the Crude Oil Window of the Eagle Ford Shale, where we
anticipate spending 95% of our capital for the next several years
on our leasehold which currently exceeds 23,000 net acres.
Lonestar is also evaluating the resource potential of its
50,000 acre block in the Williston Basin.
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.