cnw
VANCOUVER, Feb. 16 /CNW/ - Yukon-Nevada Gold Corp.'s (TSX: YNG) (Frankfurt Xetra Exchange: NG6) (the "Company" or "YNG") Board of Directors has resolved to pursue a
listing of the Company's shares on a United States stock exchange. The
Company is seeking advice and examining options and requirements for
listing on various US exchanges.
The primary benefits of listing on a US exchange are increased liquidity
in the trading of the stock, increased access to a larger range of US
investors and the elimination of additional trading fees for US
investors trading on a Canadian exchange.
Robert Baldock, President & CEO stated, "In response to the growth of
the Company and investment and interest from US based investors, we
feel that this is the next step to provide visibility to a broader base
of investors. A US listing will complement both our TSX listing and our
German listing."
The Company will remain listed on the TSX under the symbol YNG. The
listing on the Frankfurt Xetra Exchange under the symbol NG6 would
continue also.
Yukon-Nevada Gold Corp. is a North American gold producer in the
business of discovering, developing and operating gold deposits. The
Company holds a diverse portfolio of gold, silver, zinc and copper
properties in the Yukon Territory and British Columbia in Canada and in
Nevada in the United States. The Company's focus has been on the
acquisition and development of late stage development and operating
properties with gold as the primary target. Continued growth will occur
by increasing or initiating production from the Company's existing
properties.
If you would like to receive press releases via email please contact and specify "Yukon-Nevada Gold Corp. releases" in the subject line.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
WARNING: The Company relies upon litigation protection for
"forward-looking" statements.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
For further information:
Yukon-Nevada Gold Corp. Richard Moritz Senior Director, Institutional Investor Relations Tel: (604) 688-9427 Email: rmoritz@yngc.ca
Nicole Sanches Investor Relations Manager Tel: (604) 688-9427 ext 224 Email: nicole@yngc.ca >www.chfir.com
Axino AG Wolfgang Seybold President and CEO Tel: +49 711 25 35 92 40 Email: wolfgang.seybold@axino.de http://www.axino.de/">www.axino.de/
