PetroMed Listed on the Frankfurt Stock Exchange
TORONTO (Business Wire EON/PRWEB ) February 13, 2007 --
PetroMed, PLC (FWB:N1Z) (www.PetroMed.ca),
an independent oil and gas exploration company, announced today that the
Company’s common stock has been accepted for
listing and has begun public trading on the Frankfurt Stock Exchange
(FSE) and with the DAX Share Index, its benchmark index of securities.
PetroMed’s trading symbol is ‘N1Z’
and the German securities code (WKN) is AOK FRC, which is the equivalent
of a CUSIP in North America. PetroMed’s short
term goal is to make Israel an independent producer of oil and natural
gas curing the country’s energy deficit, and
longer term to help Israel to become a net energy exporter.
“PetroMed’s listing
on the Frankfurt Stock Exchange will increase the profile of the Company
with both private and institutional investors in Germany and across
Europe,” said Hagai Amir, CEO, Chairman,
Founder and Director of the Toronto-based company with offices in London
and Tel Aviv. “This opportunity to broaden
our shareholder base comes at an excellent time for PetroMed after
having received permit approval from the Israel Ministry of National
Infrastructures to begin exclusive exploratory pursuit of hydrocarbons
within the identified shallow water prospects offshore Tel Aviv in
northern Israel.”
PetroMed’s share capital comprises
approximately 45 million common shares issued, on a fully diluted basis,
and there are 100 million authorized.
The FSE is the largest of eight German securities exchanges operated by
Deutsche Borse AG, the world’s largest stock
exchange organization by revenue, profitability and market
capitalization. The exchange has more than 300 market participants, and
it is the world’s third largest securities
exchange in terms of turnover and dealings.
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See the original story at: http://eon.businesswire.com/releases/exchange/stock/prweb504728.htm
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