Business
Namibia Rare Earths Inc. begins trading in the U.S. on the OTCQX International marketplace
HALIFAX, Nov. 6, 2012 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Compa...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"\n\n\n\n\n\nHALIFAX, Nov. 6, 2012 /CNW/ - Namibia Rare Earths Inc. (\"Namibia Rare\n Earths\" or the \"Company\") (TSX: NRE) (OTCQX: NMREF) is pleased to\n announce that its common shares commenced trading today in the United\n States on the OTCQX International under the ticker symbol NMREF.\n\n\nThe OTCQX is a highly visible electronic trading venue in the U.S. and\n the International tier is designed for non-U.S. companies listed on\n qualified international stock exchanges. Namibia Rare Earths common\n shares will continue to trade in Canada on the TSX under the symbol\n \"NRE\". U.S. investors and brokers can find real-time quotes, disclosure\n and financial information at www.otcqx.com.\n\n\nU.S. investment bank, Dahlman Rose & Company, serves as Namibia Rare\n Earths' Principal American Liaison (\"PAL\") on the OTCQX International,\n responsible for providing guidance on the Company's OTCQX International\n compliance requirements and arranging a comprehensive suite of U.S.\n capital markets services.\n\n\nGerald J. McConnell, Chief Executive Officer of Namibia Rare Earths\n stated,\n\n\n\"Many American investors are aware of the importance of heavy rare\n earths to the economy and have expressed interest in investing in\n Namibia Rare Earths' unique heavy rare earth opportunity in Namibia.\n Trading on OTCQX will give these U.S. retail and institutional\n investors the ability to invest in our Company through their U.S.\n regulated broker-dealers. In addition to Namibia joining OTCQX, we look\n forward to working closely with our advisors, Dahlman Rose & Company,\n to enhance the Company's profile and market exposure in the U.S.\" \n\n\nChris Weekes, Managing Director and Co-Head of OTCQX Markets Group at\n Dahlman Rose stated,\n\n\n\"We are very pleased to be working with Namibia Rare Earths to maximize\n the benefit of their trading on OTCQX. Rare earths continue to be a\n very important source for fueling the global economy and Dahlman Rose &\n Company is well positioned to be a leading advisor in the space.\"\n\n\nAbout Namibia Rare Earths Inc.\n\n\nNamibia Rare Earths Inc. is developing a portfolio of mineral\n exploration projects in Namibia and is currently focused on the\n accelerated development of the Lofdal Rare Earths Project. The Company\n completed a CDN$28.75 million initial public offering and T...