NQ Minerals (NEX:NQMI), the base and precious metals producer from its flagship Hellyer Gold Mine in Tasmania Australia, has today announced that it has retained the services of US Securities Law firm Ortoli Rosenstadt LLP to pursue a potential ADR listing of the Company’s securities in the United States. Ortoli Rosenstadt LLP is an internationally focused, New York based law firm. No timetable for a listing has been set.
David Lenigas, Chairman of NQ Minerals, commented:
“In an effort to continue driving shareholder value, we feel that having an ADR traded in the United States will provide additional liquidity and exposure of the Company’s stock in the world’s largest capital market. We have had significant interest from North American investors and believe that having an ADR will better facilitate their ability to acquire shares in NQ Minerals Plc.”
William Rosenstadt, Managing Partner of Ortoli Rosenstadt LLP, stated:
“We are very excited to assist NQ Minerals Plc in reaching its goal of becoming a world class public company. We have noted the significant progress the Company has made over the past year and believe that having an ADR available to the market will be a significant step in reaching that goal.”
