NEW YORK, Nov. 12, 2012 /PRNewswire/ -- Dahlman Rose & Co. has announced its sponsorship as Principal American Liaison (PAL) for Canadian-based Namibia Rare Earths Inc. (TSX: NRE) on the OTCQX International Platform under the symbol NMREF, effective Tuesday, November 6, 2012.
Namibia Rare Earths Inc. is developing a portfolio of mineral exploration projects in Namibia and is currently focused on the accelerated development of the Lofdal Rare Earths Project. The Company completed a CDN$28.75 million initial public offering and Toronto Stock Exchange listing in April 2011 and is well funded to carry out its development program. The common shares of Namibia Rare Earths Inc. trade on the Toronto Stock Exchange under the symbol "NRE" and on the OTCQX International under the symbol "NMREF".
"We are very excited to be working with NRE to make the most of its U.S. quotation," said Christopher Weekes, Managing Director, Co-Head of Dahlman Rose's OTCQX Global Markets Group. "We are equally excited to be bringing the 400th issuer to the OTCQX Market with this transaction."
"Many American investors are aware of the importance of heavy rare earths to the economy and have expressed interest in investing in Namibia Rare Earths' unique heavy rare earth opportunity in Namibia," said Gerry McConnell, Chief Executive Officer of Namibia Rare Earths. "This OTCQX listing will give these U.S. retail and institutional investors the ability to invest in our Company through their U.S. regulated broker-dealers. We look forward to working closely with Dahlman Rose to enhance the Company's profile and market exposure in the US."
As part of Dahlman Rose's Principal American Liaison sponsorship, the firm has been retained to provide a suite of services and will provide the PAL compliance function for Namibia Rare Earths Inc. listing on the OTCQX International. Dahlman Rose's suite of services distinguishes its PAL sponsorship program by providing unique insights about the U.S. market environment and the highest level of aftermarket service to its clients.
ABOUT DAHLMAN ROSE & CO.
Dahlman Rose & Co., LLC (MEMBER: FINRA/SIPC) is a research-driven investment bank focused on energy, transportation, infrastructure, and other industries that compose the global supply chain. The firm's industry-leading analysts, bankers, and traders offer unique insight into the companies and markets that provide the building blocks of the global economy. Dahlman Rose provides institutional sales and trading, equity research, mergers and acquisitions advisory, and underwriting services. For more information regarding Dahlman Rose, please visit www.drco.com.
The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter (OTC) market, providing investors with an objective measure to distinguish the best OTC-traded companies. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their investors a level of marketplace services formerly available only on a U.S. exchange. OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC Market. For more information, please visit www.otcqx.com.
SOURCE Dahlman Rose & Co., LLC