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Canacol Commences Trading in the U.S. Market

Source: www.gulfoilandgas.com 2/10/2014, Location: North America

Canacol Energy Ltd. is pleased to announce that its common shares have been approved for trading in the United States on the OTCQX International Premier. This segment of the OTCQX marketplace is reserved for the highest quality international companies seeking liquidity in the U.S. capital markets. Canacol’s shares will begin trading today under the symbol CNNEF. The Corporation will continue to trade on the Toronto Stock Exchange and the Colombia Stock Exchange under its existing symbols CNE and CNEC, respectively.

Charle Gamba, President and CEO of Canacol, commented “The Corporation is delivering strong production and reserves growth from its operations in Colombia and Ecuador, and is participating in a large shale oil exploration program alongside our partners ConocoPhillips, ExxonMobil, and Shell in Colombia. Trading on the OTCQX International Premier will create greater visibility with U.S investors and facilitate the Company’s opportunity in the global capital markets. The new listing will complement our presence on the Toronto Stock Exchange and the Colombia Stock Exchange while facilitating and enhancing global trading in Canacol’s common shares, especially in the US market.”

Trading on the OTCQX International Premier does not involve the issuance of new common shares of the Corporation or any other securities or derivatives. The common shares of the Corporation that are currently issued and outstanding, and trading on the Toronto Stock Exchange, can be traded through the Colombia Stock Exchange and the OTCQX International Premier.

Merriman Capital Inc. is serving as the Corporation’s Principal American Liaison on OTCQX International Premier, and will be responsible for providing guidance on OTCQX requirements. OTCQX is the largest market for international companies, representing more than 330 companies with an aggregate market capitalization of $1.7 trillion. The OTCQX International Premier is an elite segment of the OTCQX marketplace, designated for the highest quality international companies seeking a U.S. listing. These companies include Adidas, Canadian Oil Sands, Gazprom, Repsol, Volkswagen, Wal-Mart Mexico, and Yamaha.

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