Regulatory Filings • Sep 14, 2012
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Corporate | 14 September 2012 15:15
Pearl Gold AG: Pearl Gold about to move into the General Standard
Pearl Gold AG / Key word(s): Strategic Company Decision
14.09.2012 / 15:15
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 web page 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
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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185295 14.09.2012
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