American oil and natural gas company that focuses mainly on acquisition, development, and exploration of crude oil and natural gas properties in Texas, International Western Petroleum, Inc. (OTCQB: INWP) is inching closer to be listed on NASDAQ capital markets as the company announced it has completed its application and deposited a fee on Monday morning.
Currently, the company is now effectively working toward reaching the proper Equity Standard requirements for the initial listing to NASDAQ capital markets to increase capital accessibility, liquidity, and visibility.
Chairman of International Western Petroleum, Dr. Benjamin Tran, has faith in the company and that they have been preparing to take on the new challenge and accountability of moving up to a national exchange. INWP will fully use NASDAQ’s visibility assets and global network to convert knowledge into action through NASDAQ Corporate Solutions. INWP looks forward in becoming a trading affiliate of the NASDAQ exchange in the near future after having accomplished supplementary corporate milestones. A move to NASDAQ will gradually increase INWP’s investor recognition, visibility, and overall value.
“We believe that NASDAQ has more listed companies and trades more volume than many other US exchanges. As we are preparing our entry to the NASDAQ Capital Markets, our management team is actively looking to comply with new corporate governance, asset, and shareholder requirements amongst other standard uplisting requirements. We are also actively looking at several lucrative acquisition deals in order to generate additional income, tangible assets, and hydrocarbon reserves for INWP while searching for additional qualified board members who can bring significant values to our continual growth”, stated International Western Petroleum’s CEO Ross Ramsey.