Thursday, August 04, 2016 3:19:58 AM
Today is the last day on the NYSE Market. From tomorrow DXI Energy will open on the OTCQB.
DXI Energy Common Stock Approved to Commence Trading on OTCQB
DXI Energy Inc. (NYSE MKT:DXI)(DXI) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced that it will begin trading on the Over-The-Counter QB (OTCQB), a quality controlled segment of the OTC market, open only to companies that are registered with the SEC or bank regulators and who are current in the regulatory filing or to foreign companies listed on foreign stock exchanges.
As previously reported, DXI will maintain its current listing of its common shares on the Toronto Stock Exchange, the Company's primary trading jurisdiction since 1969.
The Company believes the OTCQB listing will continue to provide U.S. investors with the ability to seamlessly hold and trade DXI's stock on an accredited US Exchange. The OTCQB will assign the Company a trading symbol at the opening of initial trading on OTCQB on Friday, August 5, 2016. The Company's stock will be voluntarily delisted from the NYSE MKT at the close of trading on Thursday, August 4, 2016.
DXI's management and board remain focused on aggregating and integrating high potential oil projects, developing cash flows to support long-term sustainability and building substantial core value for our stakeholders.
DXI Energy Common Stock Approved to Commence Trading on OTCQB
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