Global Nickel Investments NL (ASX:GNI) Appoints Bank of New York Mellon (NYSE:BK) as American Depositary Receipt Sponsor for US Listing
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 Zinc of Ireland NL
Zinc of Ireland NL (ASX:ZMI), formerly Global Metals Exploration NL, is a mineral exploration company. The Company's principal activities include mineral exploration and project evaluation. The Company's projects include Kildare Project, which is located in County Kildare, approximately 40 kilometers south-west of Dublin; Ballinasloe Project, which is located in County Galway, over 50 kilometers east of Galway/Carnmore on the Glentaun-Cloonark Regional Structure; Navan Project, which is located approximately 15 kilometers south-east of the Navan Tara mine; Sligo Project, which is located over four kilometers north of Sligo in the western province of Connacht; Monaghan Project, which is located approximately 20 kilometers south-east of Monaghan in the eastern portion of the Longford-Down Inlier; Cork Project, which is located over 15 kilometers south-west of Cork, and Galway Project, which is located approximately 25 kilometers north-west of Galway in the Neoproterozoic Dalradian Supergroup.
Zinc of Ireland NL
The Bank of New York Mellon Corporation