Squatex Energy and Ressources Inc. ("Squatex") (CSE: SQX), a Québec-based oil and gas exploration company, is pleased to announce that its common shares will commence trading on the Canadian Securities Exchange (CSE) at the opening of the market on Monday, April 3, 2017 under the stock symbol "SQX" (ISIN number CA 85224X1087).
Mr. Jean-Claude Caron, President and CEO of Squatex, said: "I am proud and very pleased that after more than 16 years of hard work, the company I founded in 2001 became Quebec's first oil and gas company to be listed on the stock market for more than a decade. The adoption of Bill 102 on the environment and Bill 35 on the development of hydrocarbons in Québec finally provides a clear legislative framework regulating oil and gas exploration from a technical as well as environmental point of view. These laws are an important step forward, now making the political and social environment favorable for Squatex to continue its exploration and development work." Mr. Caron adds: "The Massé structure with its conventional reservoirs that require no hydraulic fracturing covers at least 80 km2, or approximately 2% of the territory covered under research permits in the Lower St. Lawrence (4,313 km2)."
Squatex's planned exploration program for the next two years will provide a better understanding of the exploitable potential of its oil and gas exploration permits.
About Squatex Energy and Ressources Inc.
Squatex is a Québec-based junior oil and gas exploration company established in 2001 which main activity is, as operator, to carry out works and studies aiming at the evaluation and the development of the oil and gas potential of a territory of 656,093 hectares under exploration permits in the Province of Québec. Squatex holds a 70% net interest in 217,370 ha of exploration permits in the St. Lawrence Lowlands and in 431,339 ha of permits in the Lower St. Lawrence region.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.