NEW YORK, Jan. 7, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Terrace Energy Corp. (OTCQX: TCRRF; TSX.V: TZR), an oil and gas exploration company, has chosen to trade on OTCQX®, the qualified OTC marketplace with the highest financial standards and third-party sponsorship.
Terrace Energy began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for high-quality non-U.S. companies listed on a qualified stock exchange in their home country. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"The OTCQX marketplace offers investor-focused companies an efficient and effective way to enhance their visibility with U.S. investors," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are pleased Terrace Energy Corp. has chosen to join the other elite companies trading on OTCQX."
"We are proud to join OTCQX, the highest OTC marketplace," said Eric Boehnke, CEO of Terrace Energy Corp. "OTCQX enables us to provide our U.S. investors with timely news and information to help them better analyze, value and trade our securities."
Merriman Capital, Inc. will serve as Terrace Energy's Principal American Liaison ("PAL") on OTCQX, responsible for sponsoring qualified companies and providing professional guidance on OTCQX requirements.
Terrace Energy is an oil & gas development stage company that is focused on unconventional oil extraction in onshore areas of the United States. It currently has non-operating investments in two principal properties situated in Texas with targets in the "Olmos" and "Eagle Ford" formations and an option to acquire and develop, as operator, targets in the "Mississippi Lime" formation. For more information please visit the company's website at www.terraceenergy.net.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
SOURCE OTC Markets Group Inc.
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