NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in Ginger Oil AB (GOIL) shares will commence today on First North at NASDAQ OMX Stockholm. Ginger Oil was previously listed at NGM. Ginger Oil belongs to the Oil & Gas sector and is the 12th company to be admitted to trading on First North in 2013.
Founded in 1997, Ginger Oil AB is an oil company that actively explores and exploits oil- and natural gas resources. A majority of its operations are located in the U.S. in the states of Arkansas, Louisiana, Michigan and Texas.
”We expect that our move to NASDAQ OMX First North will act to increase interest for our shares and the company as a whole among new investor groups, customers as well as the media,” said Åke Andersson, CEO of Ginger Oil. “In addition, by joining the NASDAQ OMX family of companies we hope to create a better foundation for future potential capital raising activities.”
“Ginger Oil joins one of Europe’s most liquid growth markets where they will trade on the same platform as several industry peers,” said Adam Kostyal, Senior Vice President and head of European listings at NASDAQ OMX. “It is rewarding to see a continued inflow of listings to First North and we look forward to supporting Ginger Oil in maximizing its exposure to both local and global investor communities.”
Ginger Oil has appointed Erik Penser Bankaktiebolag as Certified Adviser.