CALGARY, ALBERTA--(Marketwire - Feb. 21, 2012) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the "Company") announced today that it will be joined by its Joint Venture Partner, to open the Toronto Stock Exchange today, Tuesday, February 21, 2012.
Chris Cooper, President & CEO of Aroway Energy Inc., commented, "We are honoured to have the opportunity along with our Joint Venture Partner to participate in the opening of the Toronto Stock Exchange. This is a once in a lifetime opportunity and a perfect venue for both Companies to celebrate our success of 2011 and Aroway's achievement of being included in the TSX Venture top 50."
The ceremony will take place at the TMX Broadcast Centre in Toronto, Ontario. Mr. Chris R. Cooper, President and CEO of Aroway Energy Inc., will open the market at 9:30am EST along with representatives from the TMX Group.
Aroway is also pleased to announce that it is now trading on the OTC market's highest tier "OTCQX International" under the symbol "ARWJF". OTC Markets Group Inc. is a leading financial information and technology services Company that provides the world's largest electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities in the United States. Investors can find current financial disclosure and real-time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
Aroway Energy's Chief Executive Officer, Chris Cooper, commented, "The OTCQX offers Aroway an ideal platform to satisfy the many requests by our U.S. shareholders and potential investors who have asked the Company to trade its shares in the United States. We are looking forward to our new U.S. presence bringing extra attention and liquidity to Aroway Energy and our operations in the prolific Peace River Arch in Northern Alberta as we continue to aggressively advance our operation in 2012."
As an OTCQX company, Aroway Energy is expected to benefit from being associated with the top segment of the United States OTC Market, bringing broader visibility to U.S. investors. Aroway Energy joins numerous large and well-known international Oil and Gas companies who have also elected to gain access to the U.S. market using this platform.
Greenberg Traurig, LLP will serve as Aroway Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.
About OTC Markets Group Inc.
OTC Markets Group Inc. (http://www.otcmarkets.com/stock/128054/quote) (OTCQX:OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the intelligent marketplace), OTCQB® (the venture marketplace), and OTC Pink™ (the open marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
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About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in Peace River Arch oil and gas exploration prospects, through a Joint Venture Partnership. The Joint Venture Partnership gives Aroway a rolling option on 101 sections of land. The Company is currently producing approximately 669 boe/day net to Aroway.
ON BEHALF OF AROWAY ENERGY INC.
Chris Cooper, President & CEO
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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 release.