Melbourne, Jan 17, 2008 AEST (ABN Newswire) - The Directors are pleased to announce that Solagran Limited (ASX: SLA) has engaged the Bank of New York to establish a level one American Depository Receipt (ADR) Program.
This ADR Program will make Solagran securities more accessible to the US institutional and retail investors, without incurring the compliance costs of a full exchange listing. It will help facilitate the purchase of Solagran securities by US Investors.
The Directors believe the ADR Program is an important step towards the eventual establishment of a production facility in North America and licensing agreements for product distribution in the region.
Contact
Denis Kilroy
Executive Director
Solagran Limited
Email: Denis.Kilroy@solagran.com
Phone: +61 3 9820 2699
Fax: +61 3 9820 3155
Mobile:+61 411 222 844
Web: www.solagran.com
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