Meren Energy has announced that, as of today, its common shares have qualified to trade on the OTCQX Best Market in the United States under the ticker symbol of `MRNFF'.
The Company's common shares will continue to trade on the Toronto Stock Exchange and Nasdaq Stockholm under the ticker symbol `MER'. No new common shares will be issued as part of the commencement of trading on OTCQX. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
About Meren Energy
Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria operated by Majors. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
Source: Meren Energy
