NEW LISTING / Pacalta on NASDAQ
PACALTA RESOURCES OF CANADA LISTS ON THE NASDAQ STOCK MARKET
WASHINGTON, D.C., May 27 /CNW/ - Pacalta Resources, Ltd., of Calgary,
Canada, an independent company engaged in the acquisition, exploration,
development and production of oil and natural gas, began trading last week on
The Nasdaq Stock Market(SM). The company is also listed on the Toronto Stock
Exchange.
Pacalta operates principally in Latin America, and holds 100 percent
interests in oil concessions in Ecuador and Colombia. The company has 53.5
million shares outstanding with a market cap of approximately US$370 million.
The shares are listed on Nasdaq(R) under the symbol PAZZF.
''We're pleased that Pacalta Resources of Canada has chosen to join the
160 other Canadian companies that trade on Nasdaq. Pacalta will join some of
the fastest growing companies in the world, including 450 non-U.S. companies
overall - more foreign listings than on all other U.S. markets combined,''
said Alfred R. Berkeley, III, President of The Nasdaq Stock Market, Inc.
The Nasdaq Stock Market is the fastest growing major stock market in the
United States and the world's largest electronic market. Nasdaq is a
subsidiary of the NASD, the largest securities-industry self-regulatory
organization in the United States.
For more information on Nasdaq, visit its Web Site at
nasdaq.com or the Nasdaq Newsroom at nasdaqnews.com.
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For further information: Scott Peterson (202) 728-8955
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