NEW YORK, Oct. 10, 2013 /PRNewswire/ --?OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announced that Gulf Coast Ultra Deep
Royalty Trust (OTCQX: GULTU), a Delaware statutory trust created in connection
with Freeport-McMoRan Copper & Gold Inc.'s acquisition of
McMoRan Exploration Co., has been approved to trade on OTCQX?, the
best marketplace with qualified companies.
Gulf Coast Ultra Deep Royalty Trust will begin trading today on
OTCQX U.S., a segment of the OTCQX marketplace reserved for
high-quality U.S. companies that meet financial standards, undergo
management reviews and provide timely news and disclosure to
investors.? Investors can find current financial disclosure and
Real-Time Level 2 quotes for Gulf Coast Ultra Deep Royalty Trust on
www.otcmarkets.com.
"We are pleased Gulf Coast Ultra Deep Royalty Trust has chosen
to upgrade to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC
Markets Group.? "OTCQX provides qualifying issuers the ability to
distinguish themselves in the U.S. market and increase their
visibility with traders, investors, analysts and the media through
high-quality disclosure, transparent trading and ease of access to
company information.? We look forward to supporting Gulf Coast
Ultra Deep Royalty Trust and providing a robust public market for
its units."
Thompson & Knight LLP will serve as Gulf Coast Ultra Deep
Royalty Trust's Designated Advisor for Disclosure on OTCQX,
responsible for providing professional guidance on OTCQX
requirements and disclosure obligations under the U.S. securities
laws.
About Gulf Coast Ultra Deep Royalty Trust
Gulf Coast
Ultra Deep Royalty Trust was created in connection with
Freeport-McMoRan Copper & Gold Inc.'s acquisition of McMoRan
Exploration Co., which was completed on June
3, 2013.? Holders of royalty trust units are entitled to
share in a 5% gross overriding royalty interest in hydrocarbons
saved and produced from each of McMoRan Oil and Gas LLC's 20
specified shallow water Gulf of
Mexico and onshore Gulf Coast ultra-deep exploration
prospects. Currently, none of the specified prospects are
producing.
Gulf Coast Ultra Deep Royalty Trust trades in the U.S. on OTCQX
under the symbol "GULTU."
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through our OTC
Link? ATS, we directly link a diverse network of broker-dealers
that provide liquidity and execution services for a wide spectrum
of securities. We organize these securities into marketplaces to
better inform investors of opportunities and risks ? OTCQX?, The
Best Marketplace with Qualified Companies; OTCQB?, The Venture
Stage Marketplace with U.S. Reporting Companies; and OTC Pink?, The
Open Marketplace with Variable Reporting Companies. Our data-driven
platform enables investors to easily trade through the broker of
their choice at the best possible price and empowers a broad range
of companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.