11:04 AM EST - Permex Petroleum Corporation : Announced today that the Company has submitted its application to list on the OTCQB tier of OTCMarkets in the United States. The Company stated that they meet all of the requirements to be eligible for OTCQB. The OTCQB membership provides enhanced investor benefits, including more stringent reporting standards, increased analyst coverage and access to news services, as well as more comprehensive compliance requirements. "This is another evolutionary step for the company as we seek to enhance our reach within the US markets. We have steadily increased revenues, strengthened our acquisitions, included diverse business growth and development strategies, and we felt like this move was important given all the assets of the company are situated in the United States. We believe that listing on the OTCQB will help to broaden our shareholder base, increase appeal to institutional investors, provide shareholders with better liquidity and, ultimately increase shareholder value, allowing Permex to rapidly accelerate our business strategy," said Permex CEO Mehran Ehsan." Permex Petroleum Corporation
shares OIL:CNX are trading unchanged at $0.15.
