DGAP-News: Pearl Gold AG: Pearl Gold about to move into the General Standard
(firmenpresse) - DGAP-News: Pearl Gold AG / Key word(s): Strategic Company Decision
Pearl Gold AG: Pearl Gold about to move into the General Standard
14.09.2012 / 15:15
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Pearl Gold about to move into the General Standard
Green light for securities prospectus/Upgrade planned for the 25 September
2012
Frankfurt, 14 September 2012 - The Pearl Gold AG announces today that the
upgrade into the Regulated Market / General Standard at the Frankfurt Stock
Exchange is planned for 25 September 2012. Today the prospectus which is
necessary for the segment change was approved by the Federal Agency for
Financial Market Supervision. The entry into the legally regulated market
still needs the successful closing of the admission procedure at the
Frankfurt Stock Exchange. Pearl Gold is a Frankfurt, Germany based holding
company that invests in West African gold focused resource producers. Since
December 2010 the company is listed on the Open Market / Quotation Board of
the Frankfurt Stock Exchange.
Through the upgrade into the General Standard Pearl Gold achieves an even
higher grade of transparency and security on the capital market. Lutz
Hartmann, member of the management board of Pearl Gold comments: 'Pearl
Gold rises extraordinary its attractiveness for investors through its entry
into the General Standard. From now on we are also interesting for
investors whose portfolios only consist of papers from the regulated stock
market segment. The entry into the regulated market is besides our parallel
huge advancement in the gold production in our West African participation
Wassoul'Or an important mile stone for Pearl Gold.'
During the course of the day, the securities prospectus can be found on the
homepage of the Pearl Gold AG. A novelty for Germany is that the securities
prospectus includes an extensive expert survey with detailed information
about the gold mine of the participation Wassoul'Or. Next week the English
version of the securities prospectus will be published on the homepage as
well.
Pearl Gold AG
Pearl Gold AG is a holding company listed on the Open Market of the
Frankfurt Stock Exchange, based in Frankfurt. The company focuses on
investments in West African exploration and mining corporations, especially
in the field of gold and other precious metals. The first investment of
Pearl Gold is the Malian mining company Wassoul'Or, in which Pearl Gold
holds 25% of shares. Wassoul'Or concentrates on the exploration and
production of gold and runs the Kodiéran gold mine in the south of Mali.
For further information visit http://www.pearlgoldag.com
For Inquiries:
MSL Financial
Press(at)pearlgoldag.com
Tel: +49 (0) 69 6612456 8394
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information
included in this news release constitutes 'forward-looking statements'. The
words 'expect', 'plan', 'will', 'intend', 'estimate' and similar
expressions identify forward-looking statements. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. The Pearl Gold AG cautions the reader that such
forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from the Company's
estimated future results, performance or achievements expressed or implied
by those forward-looking statements and the forward-looking statements are
not guarantees of future performance. These risks, uncertainties and other
factors include, but are not limited to, risks associated with the mining
industry such as government regulation, environmental and reclamation
risks, title disputes or claims, success of mining activities, future
commodity prices, costs of production, possible variation in mineral
reserves, mineral resources, grade or recovery rates, failure of plant,
equipment or processes to operate as anticipated, accidents, labour
disputes, the timing of estimated future production, capital expenditures,
financial market fluctuations, requirements for additional capital,
conclusions of economic evaluations, limitations on insurance coverage,
risks associated with using third-party contractors and inflation. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.
End of Corporate News
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