Global Nickel Investments NL (ASX:GNI) Appoints Bank of New York Mellon (NYSE:BK) as American Depositary Receipt Sponsor for US Listing
Sydney, Australia (ABN Newswire) - Global Nickel Investments NL (ASX:GNI) is pleased to announce the establishment of a Sponsored American Depository Receipt ('ADR') Program.
The establishment of the ADR program is the first step in listing Global Nickel on the OTCQX Exchange in the U.S, which is expected to follow prior to Christmas, 2011.
The establishment of a sponsored ADR program will create exposure in the broader secondary market for Global Nickel particularly in the United States and Canada, thereby providing better access for North American investors to trade in Global Nickel securities.
Particulars for the U.S. sponsored ADR program are as follows:
U.S. Exchange OTC
Ticker Symbol GBCKY
CUSIP Number: 37951X108
DR ISIN Number US37951X1081
ADR to Ordinary Share Ratio 1:100
The ADR's will be tradeable via licensed U.S. brokers in the ordinary course of trading in the Over-The-Counter ('OTC') Market in the U.S. Global Nickel has appointed the Bank of New York Mellon (BNYM) (NYSE:BK) as its authorised U.S. representative and Depository Bank to establish the ADR facility.
About Global Nickel Investments NL:
Global Nickel Investments NL (ASX:GNI) is a Sydney-based exploration and investment company that manages mineral and mining assets in Australia and New Zealand.
The Company's is currently developing the Jutson Rocks Gold and Nickel project and the Mt Cornell Gold and Nickel project in Western Australia. The Company is also developing the Round Hill Gold Mine and the Longwoods Tops Igneous Complex Platinum project in New Zealand.
Source:
Global Nickel Investments NL
Contact:
Andrew Mortimer
Executive Director
Global Nickel Investments NL
Mobile: 61-433-894-923
Email: andrew.mortimer@globalnickel.com.au