The approval is contingent upon the company being in compliance with all applicable listing standards on the date it begins trading on the exchange, and it may be rescinded if Kodiak is not in compliance with such standards. Shares of the company's common stock will begin trading on the AMEX within 5 to 10 business days.
In addition, shares of Kodiak's common stock will continue to trade on the TSX Venture Exchange under the symbol "KOG."
"Our listing on a senior U.S. exchange is an important step in our growth initiative," said Lynn Peterson, Kodiak's president and CEO. "The new listing should improve liquidity for our shares in the U.S. market by providing additional access to institutional investors. The listing is a direct result of the efforts of the entire Kodiak team in advancing its business plan both financially and operationally as we continue to grow shareholder value."
Kodiak is an independent energy exploration and development company focused on exploring, developing, and producing oil and natural gas in the Williston and Greater Green River Basins in the U.S. Rocky Mountains. The common shares of the company are listed for trading on the TSX Venture Exchange under the symbol "KOG" and the U.S. symbol "KOGGF."
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