"German Listing" effect: Searchgold (RSG.TO) up 28% today
[ I saw this effect with Robex a while ago. It didn't last. FL ]
SearchGold Lists on Frankfurt Stock Exchange
MONTREAL, QUEBEC--(CCNMatthews - March 23, 2006) - The Company is pleased to announce that SearchGold Resources Inc. (TSX VENTURE:RSG) has been listed on the Frankfurt Stock Exchange ("FSE") under the symbol S1O (FSE:S1O)effective Tuesday, March 15th 2006. The German market maker, Xchange Brokers GmbH, sponsored SearchGold's listing.
The listing on the FSE provides the company with increased exposure to worldwide capital markets and provides a strategic tool for the establishment of a privileged relationship with the European investment community. The recent influx of junior resources companies listing on the FSE resulted in tremendous growth in awareness and shareholder value of those companies.
This listing also marks the first step of an aggressive campaign by SearchGold to increase its European exposure. As announced on March 6th 2006, SearchGold has entered into an Investors Relations Agreement with Value Relations GmbH ("VR"), a Frankfurt based, well-established Investor Relations Company. The following steps will include translation of SearchGold's press releases in German, coverage by a German based research group, follow-up by newsletter writers, access to VR's client and investor base, road shows in Germany, Switzerland and France as well as presentations at VR's Stock Day conferences.
SearchGold has a significant shareholder base in Belgium. Moreover, SearchGold's flagship advanced projects are located in West Africa, a well known and sought after region by the European investment community. The FSE listing and the agreement with VR therefore represent logical development steps for SearchGold and will provide additional leverage for the Company's future expansion.
SearchGold Resources is a Canadian based mining exploration company whose primary mission is to target, explore and develop gold and diamond deposits in Africa and in Canada. SearchGold's project strategy maximizes its experience and resources, and supports the company's commitment to strengthen shareholder value.
If you would like to receive press releases via e-mail please contact: info@searchgold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
