SYDNEY, AUSTRALIA--(Marketwired - May 22, 2013) - AusTex Oil Limited ("AusTex" or the "Corporation") (AOK.AX) (TSX VENTURE:ATO) (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.
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
Tom Bloomfield +61 2 9290 9617
AusTex Oil Ltd (AOK.AX) 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.