Pacific Energy Development Announces Approval of Common Stock Listing on NYSE MKT
DANVILLE, CA September 5, 2013 - Pacific Energy Development (OTCBB:PEDO), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, announced today its common stock has been approved for listing on the NYSE MKT. Trading is expected to commence on the NYSE MKT on Tuesday, September 10, 2013, under the ticker symbol “PED”. Prior to that date, Pacific Energy Development’s shares will continue to trade on the Over-the-Counter (OTC) Bulletin Board.
“The listing on the NYSE MKT is another major development at Pacific Energy Development, following our recent acquisition of the Mississippian Lime acreage and closing of a $22 million private placement,” commented President and CEO Frank C. Ingriselli. “We are excited about the NYSE MKT listing, which should enable us to increase the trading liquidity of our stock, broaden our shareholder base, raise our profile in the investment community, and provide us a platform to share our story and communicate our growth-focused strategy with a broader group of investors,” added Mr. Ingriselli.
“We welcome Pacific Energy Development to the NYSE MKT, expanding our current family of listed energy companies,” said Scott Cutler, Executive Vice President, Global Listings at NYSE Euronext. “With a global reach, Pacific Energy Development is a great example of a growth oriented company that can leverage NYSE’s advanced and innovative market model.”
