| Mon 10 Sep 2007, 10:06 | | AFO - Aflease Gold Lists on International PrimeQX |
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AFO
AFO
AFO - Aflease Gold Lists on International PrimeQX
AFLEASE GOLD LIMITED
(Formerly Sub Nigel Gold Mining Company Limited)
Incorporated in the Republic of South Africa
(Registration number: 1984/006179/08)
Share code: AFO (JSE) AFSGY - International PrimeQX (OTCQX)
ISIN: ZAE000075867
("Aflease Gold")
September 10, 2007
Aflease Gold Lists on International PrimeQX
Johannesburg, South Africa - Aflease Gold Limited ("Aflease Gold") is pleased to
announce that it has upgraded its Level 1 American Depository Receipts (ADR)
program to list on the International PrimeQX tier of the OTCQX, a new market in
the United States for international listed companies, operated by Pink Sheets
LLC.
The OTCQX market provides a gateway to U.S. securities markets for international
companies which are already listed on a qualified foreign stock exchange. The
decision to pursue an International PrimeQX listing was prompted by the desire
to enhance the trading liquidity of Aflease Gold`s shares in the United States,
to attract a larger foreign investor base and to increase the capital markets
profile of the Company.
Aflease Gold`s ADRs are deposited with Bank of New York, which was approved by
Pink Sheets on February 20, 2007 as an ADR Principal American Liaison (PAL) for
International OTCQX-listed companies. Jane Street Markets LLC is acting as a
market maker for the Company. Trading of Aflease Gold on the International
PrimeQX commenced on September 4, 2007.
Commenting on the move to International PrimeQX, Neal Froneman, Chief Executive
Officer of Aflease Gold said:
"We are pleased to have Aflease Gold commence trading on the International
PrimeQX market. With our shallow, low technical risk Modder East Gold Project,
we believe that Aflease Gold has an asset base that North American investors
will find attractive. We expect that an enhanced capital markets profile in
North America will benefit the company as investors become familiar with Aflease
Gold`s exciting portfolio of development and exploration assets."
For further information, please contact:
Neal Froneman Pierre Kruger
Chief Executive Officer Company Secretary
Aflease Gold Limited Aflease Gold Limited
Tel +27 11 482 3605 Tel +27 11 814 4290
Cautionary Statement
This News Release includes certain "forward-looking statements" and "forward-
looking information". All statements other than statements of historical fact
included in this release including, without limitation, statements regarding
future plans and objectives of Aflease Gold are forward-looking statements (or
forward-looking information) that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
statements. Important factors could cause actual results to differ materially
from Aflease Gold`s expectations. Such factors include, among others, the actual
results of exploration activities, actual results of reclamation activities, the
estimation or realization of mineral reserves and resources, the timing and
amount of estimated future production, costs of production, capital
expenditures, costs and timing of the development of new deposits, availability
of capital required to place Aflease Gold`s properties into production,
conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold and other commodities, possible
variations in ore grade or recovery rates, failure of plant, equipment or
processes to operate as anticipated, accidents, labour disputes and other risks
of the mining industry, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction activities,
Aflease Gold`s hedging practices, currency fluctuations, title disputes or
claims limitations on insurance coverage, Although Aflease Gold has attempted to
identify important factors that could cause actual results to differ materially,
there may be other factors that cause results not to be as anticipated,
estimated or intended.
There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Aflease Gold does not undertake to update any
forward-looking statements that are included herein, except in accordance with
applicable securities laws.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This press release
does not constitute an offer to sell or a solicitation of an offer to buy any
securities in any jurisdiction.
For further information about Aflease Gold, please visit www.afleasegold.com
Date: 10/09/2007 10:06:09 Produced by the JSE SENS Department.
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