Shares to Begin Trading on June 17, 2014
Symbol Remains “DAKP”
WAYZATA, Minn.--(BUSINESS WIRE)--
Dakota Plains Holdings, Inc. (“Dakota Plains”), (OTCQB:DAKP) announced
today that its shares of common stock have been approved for listing on
the NYSE MKT exchange and that trading is expected to commence on June
17, 2014. The Company's ticker will remain “DAKP” and, upon listing its
shares on the NYSE MKT, Dakota Plains will withdraw its shares from
quotation on the OTCQB exchange.
“We have been focused on improving Dakota Plains’ business structure,
strengthening its balance sheet and enhancing liquidity for
stockholders, and today’s listing is a significant milestone in that
process,” said Craig McKenzie, Chairman and CEO of Dakota Plains.
“Stepping up to a national exchange will heighten our profile in the
capital markets and give us an important opportunity to broaden our
stockholder base and increase daily trading liquidity.”
“We welcome Dakota Plains Holdings to the NYSE MKT family of listed
companies and look forward to having a long term partnership with them,”
said Scott Cutler, Executive Vice President, Global Listings at NYSE.
“Dakota Plains Holdings will be joining other growth-oriented companies
taking advantage of the NYSE’s advanced and innovative market model to
offer a premier value for listing and trading their stocks.”
About Dakota Plains Holdings, Inc.
Dakota Plains is an integrated midstream energy company, which competes
through its 50/50 joint ventures to provide customers with crude oil
offtake services that include marketing, transloading and trucking of
crude oil and related products. Direct and indirect assets include a
proprietary trucking fleet, over 1000 railroad tank cars, and the
Pioneer Terminal transloading facility centrally located in Mountrail
County, North Dakota, for Bakken and Three Forks related E&P activity.
For more information please visit the corporate website: www.dakotaplains.com.
Cautionary Note Regarding Forward Looking Statements
This announcement contains forward-looking statements that reflect the
current views of Dakota Plains, including, but not limited to,
statements regarding our future growth and plans for our business and
operations. We do not undertake to update our forward-looking
statements. These statements involve risks and uncertainties. Our actual
results could differ materially from those anticipated in these
forward-looking statements as a result of lack of diversification,
dependency upon strategic relationships, dependency on a limited number
of major customers, competition for the loading, marketing and
transporting of crude oil and related products, difficulty in obtaining
additional capital that will be needed to implement business plans,
difficulties in attracting and retaining talented personnel, risks
associated with building and operating a transloading facility, changes
in commodity prices and the demand for crude oil and natural gas,
competition from other energy sources, inability to obtain necessary
facilities, difficulty in obtaining crude oil to transport, increases in
our operating expenses, an economic downturn or change in government
policy that negatively impacts demand for our services, penalties we may
incur, costs imposed by environmental laws and regulations, inability to
obtain or maintain necessary licenses, challenges to our properties,
technological unavailability or obsolescence, and future acts of
terrorism or war, as well as the threat of war and other factors
described from time to time in the company’s reports filed with the U.S.
Securities and Exchange Commission.
Dakota Plains Holdings, Inc.
Tim Brady, 952-473-9950
Dan Gagnier, 212-687-8080
Source: Dakota Plains Holdings, Inc.