Toronto, Ontario – Petrolympic Ltd. (“Petrolympic” or the “Company”) (TSX-V: PCQ, OTCQB: PCQRF) has announced that the Company's shares have been approved for listing on the OTCQB Marketplace and have commenced trading on that exchange. Real-Time Quote Display Service for the company’s US symbol (OTCQB: PCQRF) is now available at: http://www.otcmarkets.com/stock/PCQRF/quote. The Company has also maintained its listing on the Canadian Securities Exchange in Canada, under the symbol PCQ.
“We have been pursuing the OTCQB listing for quite some time and are gratified that our efforts have now been rewarded,” said Mendel Ekstein, Petrolympic CEO. “Liquidity offered through the OTCQB Marketplace will yield far more accessibility to a much wider range of retail and institutional investors, and we intend to take full advantage of this by attracting as many new eyeballs to our Company's progress as possible. We are committed to enhancing our investor relations through the use of creative social networking and other sophisticated investor awareness programs.”
Petrolympic has recently announced significant oil and natural gas discoveries in a conventional hydrothermal dolomite reservoir in Quebec. The Company is actively pursuing a reservoir characterization and delineation program to develop this resource in a dynamic market and in a context of rejuvenated provincial regulations and energy policies.
About Petrolympic Ltd.
Petrolympic is a Canadian junior oil and gas company actively exploring for premium light crude oil and natural gas in North America. The Company has assets located in the Utica Fairway of Quebec, Canada and holds 100% interest in exploration rights over 240,944 acres (97,507 hectares), 12% to 30% interest in 36 exploration permits totaling 1,622,759 acres (656,710 hectares) – net 483,269 acres (195,573 hectares) in the Gaspe Peninsula and the St. Lawrence Lowlands where oil and gas targets are abundant and proven. The Company is also focused on its near-term oil production asset in the prolific Maverick Basin of Texas, USA.
NEITHER THE TSX VENTURE EXCHANGE NOR OTC MARKETS GROUP INC, NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company’s business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company’s securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.