SYDNEY, AUSTRALIA--(Marketwired - May 22, 2013) - AusTex Oil Limited ("AusTex" or the "Corporation") (ASX:AOK) (TSX VENTURE:ATO) (OTCQX:ATXDY) is pleased to announce that the Corporation's ordinary shares will be listed and posted for trading on the TSX Venture Exchange ("TSXV") at the opening of trading on Wednesday, 22 May, 2013 under the symbol ATO.
AusTex's shares will continue to trade normally on the Australian Securities Exchange (ASX:AOK) as well in the United States through the Over-The-Counter marketplace (OTCQX:ATXDY).
Commenting on the pending listing on the TSX Venture Exchange, Executive Chairman Richard Adrey commented: "The level of investor interest in Canada and North America for companies with exposure to the resurgent US oil and gas industry is significant. A TSX-V listing gives these investors a mechanism to invest in AusTex in a convenient time zone and through an exchange in North America that has the capacity to deliver the necessary liquidity.
"That said, we remain fully committed to our investors in Australia and this is a very important market for AusTex. As the company continues to grow, we see real benefits from having a dual listed structure. This has been proven by ASX-listed companies with similar asset profiles to AusTex that have also pursued a listing on the TSX-V."
AusTex Oil Limited
A.C.N. 118 585 649
Directors
Richard Adrey
(Executive Chairman)
Russell Krause
(Non-Executive Director)
Daniel Lanskey
(Managing Director)
Kay Philip
(Non-executive Director)
Luis Vierma
(Non-executive Director)
Company Secretary
Tom Bloomfield +61 2 9290 9617
About AusTex
AusTex Oil Ltd (ASX:AOK) is an Exploration and Production company that is focused on the development of oil and gas leases in the USA. The company produces oil and gas in Oklahoma and Kansas. AOK holds interests in ~26,000 net acres of oil and gas leases, including acreage in the highly prospective Mississippi Lime play in Northern Oklahoma and Kansas.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact Information:
Daniel Lanskey
Managing Director
Australia +61 408 885018
dan.lanskey@austexoil.com
AusTex Oil Limited
Richard Adrey
Executive Chairman
USA +1 918-743-7300
AusTex Oil Limited
Level 7, 207 Kent Street,
Sydney NSW 2000
+61 2 9238 2363
+61 2 8088 7280 (FAX)
www.austexoil.com