OTCQX
White Energy Company’s American Despository Receipt shares (ADR) trade Over-the-Counter (OTC) under the following information:
- Symbol WECFY
- CUSIP 963802103
- Ratio 1 ADR: 5 ORDs
- U.S. ISIN US9638021033
- Underlying ISIN AU000000WEC5
- Effective Date May 10, 2007
DR Benefits to U.S. Investors:
- DRs are U.S. Securities registered with the SEC
- DRs give access to cross-border market liquidity
- DRs are cost-effective
- DRs are convenient to own :
- Quoted in U.S. dollars
- Dividends pay in U.S. dollars
- Seamless Tax reclamation process
- Voting under U.S. standards
On 24 July 2008 the Company announced that its American Depositary Receipt ("ADR") program began listing on the International OTCQX effective 23 July 2008 (New York). The OTCQX listing will provide U.S. based investors with easier access to buy and sell White Energy securities and at the same time will provide White Energy with greater access to the U.S. capital markets. White Energy ADR's began trading on the International PrimeQX, under the ticker WECFY.
The International OTCQX is a listing service for international companies which are already lised on a qualified non U.S. stock exchange and is designed to provide greater access for the U.S. investor community to profile foreign companies. White Energy's ADR's will now be able to be traded electronically and will provide U.S. investors with greater trading effeciency and access to information about the Company. U.S. investment bank, Merriman Curhan Ford, will serve as White Energy's Principal American Liaision ("PAL") on the International OTCQX, responsible for providing guidance on the company's International OTCQX, responsible for providing guidance on the company's International requirements and arranging a comprehensive suite of U.S. capital markets services.
