NQ Minerals PLC (LON:NQMI) (OTCMKTS:NQMLF) is looking to investors across the Atlantic and has retained the services of Ortoli Rosenstadt LLP, an internationally focused, New York-based law firm to pursue a potential ADR listing of the company's securities in the United States.
In a brief statement, the NEX-listed base and precious metals producer, which operates the flagship Hellyer Gold Mine in Tasmania Australia said no timetable for a listing has been set.
David Lenigas, NQ Minerals’ chairman commented: "In an effort to continue driving shareholder value, we feel that having an ADR traded in the United States will provide additional liquidity and exposure of the Company's stock in the world's largest capital market.”
He added: “We have had significant interest from North American investors and believe that having an ADR will better facilitate their ability to acquire shares in NQ Minerals PLC."
William Rosenstadt, Ortoli Rosenstadt‘s managing partner added: “We have noted the significant progress the Company has made over the past year and believe that having an ADR available to the market will be a significant step in reaching that goal."