NASDAQ OMX (NASDAQ:NDAQ) announced that BlackPearl Resources Inc. (ticker symbol: PXXS SDB) today starts trading of its Swedish Depository Receipts on the main market of NASDAQ OMX Stockholm. BlackPearl Resources is a Mid Cap company within the Oil & Gas sector and has been listed on First North since June 2007 before today’s move to the main market. BlackPearl Resources is the second company this year to move its listing from First North to NASDAQ OMX's main market.
BlackPearl Resources Inc. is a Canadian oil and gas company. The Company's focus is heavy oil and oil sands assets located in western Canada. In addition to its NASDAQ OMX listing, BlackPearl Resources is also listed on the Toronto Stock Exchange (TSX:PXX).
Emelie Jarnesten, head of NASDAQ OMX First North, commented: “It is always satisfying to see a company take the leap to our main market where Black Pearl Resources will make a valuable addition to our Oil & Gas sector. Since First North launched in 2006 we have had 26 companies move to the main market which truly demonstrates the strength of our European listing model for growth companies.”