Norse Energy Corp. Joins OTCQX
September 18 2009 - 1:30AM
PR Newswire (US)
NEW YORK, Sept. 18 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc.
(Pink Sheets: PINK), the leading electronic inter-dealer quotation
system, trading technology and financial information provider for
over-the-counter (OTC) securities, today announced that Norse
Energy Corp. (OTCQX: NSEEY, Oslo: NEC), a Norwegian oil and gas
exploration and production company, has chosen to list its American
Depositary Receipts (ADRs) on OTCQX . (Logo:
http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO ) "We are
pleased to welcome Norse Energy to OTCQX," said R. Cromwell
Coulson, President and CEO of Pink OTC Markets. "OTCQX provides
Norse Energy with the highest level of visibility and access to
U.S. investors possible in the OTC Market." Norse Energy's ADRs
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 http://www.otcqx.com/
and http://www.pinksheets.com/. "With our increased emphasis on
U.S. based oil and gas exploration assets, Norse's inclusion on the
OTCQX is a very natural progression, particularly with the ease of
access it provides for the U.S. investor," commented Norse Energy
CEO, Oivind Risberg. Dahlman Rose & Co., LLC will serve as
Norse Energy's Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on listing requirements. About
Norse Energy Corp. (OTCQX: NSEEY, Oslo: NEC) Norse Energy Corp.'s
ADRs will trade in the United States on OTCQX under the symbol
"NSEEY", where each ADR will represent 10 ordinary shares. The
shares of Norse Energy, which is headquartered in Norway, are also
listed on the Oslo Stock Exchange under the symbol "NEC". While the
company has oil and gas exploration and production operations in
both the U.S. and Brazil, more recently it has consolidated its
U.S. based operations to better focus on the vast potential of the
Northern Appalachian Basin. For more about Norse Energy, visit:
http://www.norseenergy.com/. About OTCQX The OTCQX marketplace is
the premier tier of the U.S. over-the-counter market.
Investor-focused companies use the quality controlled OTCQX listing
platform to offer investors transparent trading, superior
information, and easy access through their regulated U.S.
broker-dealers. The innovative OTCQX platform offers companies and
their shareholders a level of marketplace services formerly
available only on a U.S. exchange. For more about OTCQX, visit
http://www.otcqx.com/. About Pink OTC Markets Inc. Pink OTC Markets
is a financial information and technology services company that
operates the leading electronic quotation and trading system in the
over-the-counter, or OTC, securities market. The term "OTC
securities" is a catchall phrase for any equity security that is
not listed on a U.S. stock exchange. The OTCQX and Pink Sheets
marketplaces that we operate constitute, by dollar volume, the
third largest U.S. liquidity pool for trading public company
shares, after The NASDAQ Stock Market, Inc. and The New York Stock
Exchange. Our technology platform provides a comprehensive suite of
information products and trading services for OTC market
participants. Our products and services promote market
transparency, facilitate regulatory compliance, and increase the
quality of issuer disclosure, to the benefit of all OTC market
participants. Through our Pink Quote(SM) inter-dealer quotation
system and Pink Link trade messaging system, we offer
broker-dealers an independent, electronic platform to display their
real-time, firm "bid" and "ask" quotes and communicate OTC trade
information with each other. These systems generate a substantial
amount of OTC market data, which we license to OTC market
participants. By licensing OTC market data, we are able to offer
quotation and trade messaging services to broker-dealers at a
reduced cost. We also provide disclosure and information solutions
for OTC traded companies that facilitate communication with
investors and compliance with securities laws. Pink OTC Markets is
headquartered in New York City. To learn more about how Pink OTC
Markets' products and services make OTC markets more transparent,
informed, and efficient, please visit our websites at
http://www.pinkotc.com/, http://www.pinksheets.com/ and
http://www.otcqx.com/ or contact us at . Subscribe to the OTCQX RSS
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http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGODATASOURCE:
Pink OTC Markets Inc. CONTACT: Matthew Sheldon, CCG Investor
Relations, +1-310-954-1346, Web Site: http://www.pinkotc.com/
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