American Depositary Receipt Programme

RNS Number : 4986R

Wishbone Gold PLC

20 November 2012

 



Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources

20 November 2012

Wishbone Gold Plc ('Wishbone Gold' or 'the Company')

American Depositary Receipts

Wishbone Gold plc, an exploration and acquisition company focussed on precious metals, is pleased to announce the commencement of a non-capital raising American Depositary Receipt ('ADR') Programme.

Under the programme, ADRs in the Company's ordinary shares have commenced trading on the Pink OTC Markets Inc. Deutsche Bank AG ('Deutsche') has been appointed the Depositary Bank for the sponsored Level I programme, the intention of which is to broaden Wishbone's global investor base.  ADRs are U.S. dollar-denominated shares traded on an American stock exchange issued by depositary banks in the US.  Wishbone retains its primary listing on AIM.  

Richard Poulden, Executive Chairman of Wishbone Gold said "I am delighted with the appointment of Deutsche Bank to manage our forthcoming ADR programme.  I have successfully worked with Deutsche on ADR programmes in the past, resulting in increased visibility and investor awareness in the important US market for the companies concerned.  We aim to achieve a similar outcome for Wishbone, as we look to add further projects to our existing portfolio of exciting gold projects in a proven, historically producing region of Queensland, Australia and, in the process, build a global consolidator of viable precious metals assets."   

**ENDS**

For further information please contact:

Richard Poulden	Wishbone Gold plc	Tel: [phone] [e-mail]
Edward Mansfield Patrick Castle	Shore Capital & Corporate Ltd Shore Capital & Corporate Ltd	Tel: [phone] Tel: [phone]
Susie Geliher Frank Buhagiar	St Brides Media & Finance Ltd St Brides Media & Finance Ltd	Tel: [phone] Tel: [phone]

Notes

Wishbone Gold Plc is an exploration and acquisition company focussed on identifying and developing precious metals assets.  By maximising the expertise of the Board, Wishbone aims to be a consolidator of viable gold resources globally, having already acquired two highly prospective gold concessions in Queensland, Australia which it intends to develop through an active exploration campaign.   A further two licences adjoining the existing concessions have also been applied for and additional projects that meet the Directors' investment criteria are currently being evaluated. 

 

END

 

 

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