Dahlman Rose & Co. Announces Principal American Liaison
Sponsorship of TSX Listed Namibia Rare Earths Inc. as 400th Issuer
on OTCQX
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.
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SOURCE Dahlman Rose & Co.,
LLC