NEW YORK, Dec. 20, 2011 /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 New Zealand Energy Corp. (OTCQX: NZERF; TSX.V: NZ), an oil and
natural gas company, is now trading on the highest tier of the OTC
market, OTCQX®.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
New Zealand Energy Corp. will begin trading today on the OTC
market's prestigious tier, OTCQX International. Investors can
find current financial disclosure and Real-Time Level 2 quotes for
the Company on www.otcmarkets.com.
"Investors prefer the quality-controlled admission process on
OTCQX which identifies the segment of OTC companies focused on
valuation and transparency," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome New Zealand Energy
Corp. to OTCQX."
Dorsey & Whitney LLP will serve as New Zealand Energy
Corp.'s Principal American Liaison ("PAL") on OTCQX, responsible
for providing guidance on OTCQX requirements.
About New Zealand Energy Corp.
New Zealand Energy Corp. (OTCQX: NZERF; TSX.V: NZ) trades
in the United States on OTCQX
under the symbol "NZERF", and in Canada on the TSX Venture Exchange under the
symbol "NZ". New Zealand Energy Corp. ("NZEC") is an oil and
natural gas company engaged in the exploration, development and
production of petroleum and natural gas assets in New Zealand. NZEC's property portfolio
collectively covers nearly two million acres of conventional and
unconventional prospects in the Taranaki Basin and East Coast Basin
of New Zealand's North Island. The
Company's management team has extensive experience exploring and
developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary
approach to value creation with a track record of successful
discoveries. NZEC plans to add shareholder value by executing a
technically disciplined exploration and development program focused
on the onshore and offshore oil and natural gas resources in the
politically and fiscally stable country of New Zealand.
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.