Gale Force Petroleum now trading on the OTCQX
DALLAS, TX, Dec. 6, 2011 /CNW Telbec/ - Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) ("Gale Force" or the "Company") announced today that it is now trading on the highest tier of the OTC market, the OTCQX. The OTC is the world's largest electronic marketplace for broker-dealers to trade over-the-counter ("OTC") stocks. Investors will be able to trade Gale Force's shares, denominated in US dollars on a US Exchange.
"With GFP now trading on the OTC market's prestigious OTCQX Internal tier, GFP has opened the door to many more potential investors in the United States," said Michael McLellan, Chairman and CEO. "The OTCQX provides the highest level of transparency and visibility possible for efficient trading of for US investors in the OTC marketplace."
Berns & Berns, LLP will serve as the Company's Principal American Liaison on the OTCQX, responsible for providing guidance on OTCQX requirements.
ABOUT GALE FORCE PETROLEUM INC. − www.GaleForcePetroleum.com
Gale Force Petroleum acquires and exploits undervalued and underdeveloped oil and gas reserves in mature basins, bringing operational expertise and capital to lower-risk, development-type projects. The Company currently owns producing oil and gas properties in Texas, Oklahoma and Tennessee.
ABOUT OTC MARKETS GROUP INC. - www.OTCMarkets.com
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
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Michael McLellan, CFA, Chairman & CEO, +1.514.221.2030