NEW YORK, June 24, 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, today
announced that Carbon Energy Ltd. (ASX: CNX; OTCQX: CNXAY), a
company focused on producing clean energy and chemicals feedstock,
has chosen to have its American Depositary Receipts (ADRs) traded
on the highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
Carbon Energy began 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.otcqx.com and 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 Carbon Energy to
OTCQX."
Madison Williams and Company will
serve as Carbon Energy's Principal American Liaison ("PAL") on
OTCQX, responsible for providing guidance on OTCQX
requirements.
About Carbon Energy Ltd.
Carbon Energy Ltd. (ASX: CNX; OTCQX: CNXAY) trades in
the United States on OTCQX under
the symbol "CNXAY", where each ADR represents 20 ordinary shares.
Carbon Energy focuses on producing clean energy and chemicals
feedstock from Underground Coal Gasification (UCG) Syngas. UCG is
an alternative coal mining method that accesses the coal through
boreholes and recovers the coal transformed into a gas. The company
was formerly known as Metex Resources Ltd and changed its name to
Carbon Energy Limited in July 2008.
Carbon Energy Limited is headquartered in Milton, Australia.
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. In 2010, securities on
OTC Link traded over $144 billion in
dollar volume, making it the third largest U.S. equity trading
venue after NASDAQ and the New York Stock Exchange. We categorize
the wide spectrum of OTC-traded companies into three tiers - OTCQX
(the quality-controlled marketplace for investor friendly
companies), OTCQB® (the U.S. reporting company marketplace for
development stage companies), and OTC Pink™ (the speculative
trading 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.
