US Oil & Gas (USOPY)

[Sionica]

GXG Markets A/S : Update

Tuesday, 14th July 2015 17:00 CEST

GXG Markets A/S is in advanced discussions with a number of regulated bodies and potential buyers of its business. The aim is to have an alternative to the Danish licence in place as soon as possible.

The Board is focused on protecting investors and ensuring a seamless transfer of its operations.

The Board regrets that it has had to put all existing listed companies on an Observation List but this is a procedural process and in no way infers that any of its existing quoted companies are in breach of GXG rules.

It is a matter of great regret that the company felt it was impossible to continue to operate under the Finanstilsynet umbrella. Thus the Board's decision to relinquish the licence.

In the meantime investors can continue to buy and sell shares in companies listed on First Quote, Main Quote and the Regulated Market.

Our goal is to provide Issuing Companies with an alternative trading venue and better trading connectivity than at present and to continue to provide small and growing companies with the opportunity to list their shares on an active market.

We will continue to provide the Market with weekly updates and release further news as soon as it becomes available.

Carl Johan Högbom
Chairman, GXG Markets