Press release from CNW Group
McCoy Corporation commences trading on OTCQX International
Thursday, May 30, 2013
McCoy Corporation commences trading on OTCQX International07:00 EDT Thursday, May 30, 2013
EDMONTON, May 30, 2013 /CNW/ - McCoy Corporation ("McCoy" or "the Company") (TSX:MCB; OTCQX:MCCRF), a supplier of innovative products and services for the global energy industry, today announced that its common shares have commenced trading in the United States on OTCQX International under the symbol "MCCRF". McCoy's common shares will continue to trade on the Toronto Stock Exchange under the symbol "MCB".
"McCoy's near-term plans to expand our international presence and commercialize innovative drilling and completions products present an opportune time to increase our visibility among the U.S. investment community," said Jim Rakievich, President and CEO of McCoy. "Trading on the OTCQX marketplace will potentially expand our shareholder base by enabling U.S. investors to easily trade our stock and efficiently access McCoy's financial information."
OTCQX is the best U.S. OTC marketplace. OTCQX International, a segment of the OTCQX marketplace, gives non-U.S. companies access to U.S. investors without the duplicative regulatory costs required of a listing on a traditional U.S. exchange. OTCQX companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their U.S. regulated broker-dealers.
Global Hunter Securities, LLC will serve as the Company's Principal American Liaison ("PAL") on OTCQX, and has acknowledged to OTC Markets Group that the Company meets the initial requirements of OTCQX International. Investors can find Real-Time Level 2 quotes, disclosure and Company financial information at www.otcmarkets.com.
McCoy provides innovative products and services to the global energy industry. McCoy's two segments, Energy Products & Services and Mobile Solutions, operate internationally through direct sales and distributors with its operations based out of Western Canada and the U.S. Gulf Coast. McCoy's corporate office is located in Edmonton, Alberta, Canada with offices in Alberta, British Columbia, Louisiana, and Texas.
About Global Hunter Securities
Global Hunter Securities, LLC is a full-service independent international investment bank focusing on Natural Resources sectors, including Oil & Gas Exploration & Production, Oil Field Services, Metals & Mining, Shipping and Industrials. GHS provides idea-driven research, and innovative capital raising, financial advisory and restructuring services, all supported by robust sales and trading teams. GHS serves clients around the world from offices in New Orleans, Calgary, Chicago, Orange County, CA, Fort Worth, Houston, New York, and San Francisco. For more information about GHS, please visit www.ghsecurities.com.
This News Release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by McCoy, including expectations and assumptions concerning fluctuations in the level of oil and gas industry capital expenditures, McCoy's ability to integrate acquired businesses and complete strategic acquisitions of additional businesses and other factors that affect demand for McCoy's products. Although McCoy believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because McCoy can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause McCoy's actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, fluctuations in oil and gas prices, fluctuations in the level of oil and gas industry capital expenditures and other factors that affect demand for McCoy's products, industry competition, the need to effectively integrate acquired businesses, uncertainties as to McCoy's ability to implement its business strategy effectively in Canada and the United states, labour, equipment and material costs, access to capital markets, interest and McCoy's ability to attract and retain key personnel. Additional information on these and other factors is available in continuous disclosure materials filed by McCoy with Canadian securities regulators. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this News Release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. McCoy undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: McCoy Corporation
For further information:
Mr. Jim Rakievich
President and Chief Executive Officer
Phone: (780) 453-8451