Gold One International Ltd. Joins OTCQX
Posted on: Wednesday, 15 July 2009, 02:00 CDT
NEW YORK, July 15 /PRNewswire/ -- Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that Gold One International Ltd. (ASX: GDO, OTCQX: GLDZY), an Australian and African gold resource company, has chosen to list its American Depositary Receipts (ADRs) on OTCQX. Gold One International's ADRs began trading today on OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.pinksheets.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090708/NY43125LOGO )
"We are pleased to welcome Gold One to OTCQX," said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets. "OTCQX gives Gold One a visible market tier to increase U.S. investor awareness and is a natural choice for international companies that wish to have a reputable and liquid secondary market for their U.S. shareholders, in accordance with home country compliance requirements."
Gold One International Ltd. was created via inward listing of Gold One - formerly BMA Gold - on the JSE and the subsequent acquisition by Gold One of all the issued ordinary shares in Aflease Gold, which formerly traded on the JSE with ADRs trading on OTCQX.
The Bank of New York Mellon, which acts as Depositary for Gold One International's ADR program, will serve as Gold One's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.
Gold One International's ADRs will trade in the United States on OTCQX under the ticker "GLDZY" where each ADR will represent 10 ordinary shares. Gold One's shares are also listed on the ASX Limited, operated by the Australian Stock Exchange and the JSE Limited, operated by the Johannesburg Stock Exchange.
About Gold One International Ltd.
(ASX: GDO, OTCQX: GLDZY) Gold One International Limited is an Australian and African gold resource company listed on the financial markets operated by ASX Limited (the Australian Securities Exchange: GDO) and JSE Limited (the Johannesburg Stock Exchange: GDO). The company is developing the new Modder East mine on the East Rand, some 30 kilometres from Johannesburg, and also owns the nearby existing Sub Nigel mine, which has recently been recommissioned. Its other projects and targets include Ventersburg, a large project with indicated resources of 1.43 million ounces, and Bothaville, both in the Free State goldfields, the Tulo concession in Mozambique and the Etendeka greenfields project in Namibia. It has an indicated and inferred resource base of some 13 million ounces of gold.
About OTCQX
OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, OTCQX distinguishes the reputable international issuers from the other 9,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier OTCQX, which commenced trading on March 5, 2007. For more about OTCQX, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. We create innovative technology and data solutions to efficiently connect market participants, improve price discovery, increase issuer disclosure, and better inform investors. Pink OTC Markets operates the third largest U.S. equity trading venue which includes both the elite OTCQX market tiers for strong OTC-traded companies that can satisfy financial and disclosure listing standards and Pink Sheets for all other OTC quoted securities.
Pink OTC Markets is headquartered in New York City.
To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.
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SOURCE Pink OTC Markets Inc.
Source: PR Newswire
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