Vena Appoints Designated Sponsor for XETRA
TORONTO, ONTARIO -- (Marketwire) -- 02/02/11 -- Vena Resources Inc. (the 'Company' or 'Vena') (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF) is pleased to announce that the Company's shares have been accepted for continuous trading on the German electronic trading platform Xetra® under the ticker symbol 'V1R.DE'. The International Security Identification Number (ISIN) number is CA9225891063.
The electronic trading system Xetra® is utilized to trade approximately 300,000 international instruments. As one of the fastest trading systems in the world with a round-trip-time at only two milliseconds, Xetra® has a market share of over 90 percent of equity trading in Germany.
Vena has appointed Silvia Quandt & Cie. AG ('Silvia Quandt') to support biw Bank fur Investments und Wertpapiere AG which facilitated the Xetra® listing as its designated sponsor on Xetra®. The designated sponsor will work to facilitate higher liquidity in stock trading of Vena common shares by maintaining a constant quotation volume (minimum trade volume) to ensure tradability is guaranteed - even in highly volatile market periods. Silvia Quandt will support Vena with its capital markets network, in particular through contact with their extensive investor network.
Juan Vegarra, Chairman and CEO of Vena Resources, stated, 'The Xetra® listing marks a further step in Vena's commitment to its shareholders to enhance the liquidity of the Company's common shares and is one of many initiatives we are taking to further increase market awareness for our Company. There is established interest and expertise in Frankfurt in mining and exploration companies, and Frankfurt, as well as being a major global financial centre, has the benefit of being located in the Eurozone. Several potential European investors have suggested that a continuously Xetra® listing will make it easier for them to invest in Vena. We are proud that from our point of view the best Xetra® specialist team in Germany has chosen Vena as a new client.'
'The basis of our success is an outstanding knowledge of equity markets, a reputable track record, a wide network with access to private and public equity, and a strong acumen in the placement of securities. We will ensure an improved attractiveness of Vena shares. This objective will be achieved through active trading, direct investor approach and specific marketing, which we'll promote in cooperation with our sales team. A generally visible valuation discount due to limited liquidity will be reduced and therefore should generate an increased interest of institutional investors in Vena Resources', commented Mr. Sascha Guenon, Head of Designated Sponsoring at Silvia Quandt.
About Vena Resources
Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Clean Energy, Precious Metals and Base Metals. Together with the Company's strategic partners, Cameco, Gold Fields and Trafigura, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors and advisors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance globally.
About Silvia Quandt & Cie AG
Being a member of the Angermayer, Brumm & Lange Group and the Silvia Quandt Family, owner-managed Silvia Quandt & Cie. AG offers comprehensive Investment Banking services. The services encompass Institutional Brokerage, Corporate Finance and Debt Advisory. Investment Research is produced by the subsidiary Silvia Quandt Research GmbH and Designated Sponsoring mandates are carried out by the cooperation partner biw Bank fur Investments und Wertpapiere AG for customers of Silvia Quandt & Cie. AG. Silvia Quandt & Cie. AG covers its corporate clients and institutional investors from the European financial centres of Frankfurt, Munich, London and Zurich by its subsidiaries. For further information on Silvia Quandt & Cie. AG, please visit www.silviaquandt.de.
Statements in this press release regarding the Company's business which are not historical facts are 'forward-looking statements' that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Shares Outstanding: 97,484,969
Fully-Diluted: 121,377,477
The TSX does not accept the responsibility for the adequacy or accuracy of this release.
Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
www.venaresources.com