Onco Petroleum Listed on Frankfurt Stock Exchange
Onco Petroleum Inc. reported that, in addition to being listed on the Canadian Trading and Quotation System Inc. ("CNQ") in Toronto, it became listed on the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierborse) on January 28, 2008, trading under the symbol 3HX.
The Frankfurt Stock Exchange, owned and operated by Deutsche Borse, is recognized as one of the largest and most efficient stock exchanges in the world.
As the Frankfurt Stock Exchange is a "designated stock exchange" under the Income Tax Act (Canada), Onco's securities also became qualified investments for Registered Retirement Savings Plan accounts on January 28, 2008.
Robert J. Vanier, Onco's CEO stated, "Our recent listing on the Frankfurt Exchange is good news for our company on two fronts. This move provides Onco with more exposure to significant financial markets while also providing Canadians with an opportunity to own Onco shares as part of their RRSP portfolio."