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September 22, 2022 • 19 minutes ago • 2 minutes read •
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NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets in 12,000 U.S. and international securities, today announced Saturn Oil & Gas Inc. (TSX-V: SOIL ; OTCQX: OILSF), an oil and gas exploration and development company, has qualified for trading on the OTCQX® Best Market. Saturn Oil & Gas Inc. upgraded to OTCQX from Pink® Market.
Saturn Oil & Gas Inc. begins trading today on the OTCQX under the symbol “OILSF”. US investors can visit www.otcmarkets.com for current financial information and real-time Level 2 quotes for the company.
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Upgrading to the OTCQX market is an important step for companies looking to provide transparent trading to their US investors. Streamlined market standards allow companies listed on a qualifying international exchange to use their home market reporting to make their information available in US securities laws.
“Saturn has been on a rapid growth trajectory over the past 18 months, increasing oil and gas production to 12,000 boe/d today from 233 boe/d in the first quarter of 2021,” said John Jeffrey, Saturn’s CEO. “Upgrading to OTCQX is a critical step in Saturn’s growth strategy to improve liquidity for our shareholders. Trading on OTCQX will also make it easier for US-based investors to gain exposure to a growing Canadian energy producer with an ESG-driven commitment to responsible resource development.”
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B. Riley Securities acted as the company’s OTCQX sponsor.
About Saturn Oil & Gas Inc.
Saturn Oil & Gas Inc. is a growing Canadian energy company focused on generating positive shareholder returns through the continued responsible development of high-quality, light oil-weighted assets, supported by an acquisition strategy that targets highly value-added, complementary opportunities. Saturn has assembled an attractive portfolio of free-flowing, low-dip operating assets in Southeast Saskatchewan and West-Central Saskatchewan that provide an extensive portfolio of long-term multi-zone economic drill opportunities. With an unwavering commitment to building an ESG-centric culture, Saturn aims to grow reserves, production and cash flows while delivering an attractive return on invested capital. Saturn’s shares trade on the TSX.V under the ticker “SOIL”, on the OTCQX under the symbol “OILSF” and on the Frankfurt Stock Exchange under the symbol “SMKA”.
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About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading in 12,000 US and international securities. Our data-driven disclosure standards underpin our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® open market.
Our OTC link® Alternative Trading Systems (ATS) provide a critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to US financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member of the SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
