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Metals X Limited — Capital/Financing Update 2015
Feb 9, 2015
10401_rns_2015-02-09_74a3a90a-5ad0-43fc-9fe2-cc7efe300579.pdf
Capital/Financing Update
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PRESS RELEASE
10 FEBRUARY 2015
METALS X ANNOUNCES GLOBAL SHARE LISTING ON OTCQX
Metals X Limited (“Metals X” or the “Company”) (ASX: MLX) (OTCQX: MLXEF) is pleased to announce that effective 9 February 2015, the Company has commenced trading its ordinary shares on the OTCQX. This enables Metals X to provide new and existing US investors with immediate access to trading their ordinary shares in US dollars, during US market hours, while maintaining a commitment to provide regular disclosure that is in line with the reporting requirements of the Company’s primary market, the Australian Securities Exchange.
Metals X is among a leading group of global issuers enabling their ordinary shares that trade on the ASX to also trade and settle in the US. As the Company’s advisor and Principal American Liaison, Cowen and Company advised on the establishment of the Global Share structure to better facilitate US settlement and deposit of the Company’s shares with the Depository Trust Company (“DTC”). US investors now have direct market access on the OTCQX under the symbol “MLXEF” to hold the Company’s ordinary shares on deposit in their US brokerage account, removing transaction costs associated with holding shares offshore.
Trading on the OTCQX will continue to expand the marketplace for Metals X’s shares and broaden the Company’s access to both current and prospective US shareholders.
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Metals X Limited is a diversified group exploring and developing minerals and metals in Australia. It is Australia’s largest tin producer, a top 10 gold producer and holds a pipeline of assets from exploration to development including the world class Wingellina Nickel Project.
CORPORATE DIRECTORY
ASX Code: MLX OTCQX Code: MLXEF
Level 3, 18-32 Parliament Place West Perth WA 6005 Australia
PO Box 1959 West Perth WA 6872 Australia
t: +61 8 9220 5700 f: +61 8 9220 5757
[email protected] www.metalsx.com.au
Metals X’s CEO and Executive Director, Mr Peter Cook said:
“We are pleased to have completed this transition and offer our US shareholders and followers an opportunity to invest directly. It comes at a great time when the rapidly falling Australian Exchange rate is again creating boom times and stronger economics for our expanding gold business”.
Investors can find current financial disclosure and Real-Time Level 2 quotes for Metals X on www.otcmarkets.com.
Financial disclosure and other information about the Company are also available at www.metalsx.com.au.
ENQUIRIES
Peter Cook
Executive Director & CEO e: [email protected]
Warren Hallam
Executive Director e: [email protected]
Rod Corps
Manager - Investor Relations e. [email protected]
END