Comstock Mining Inc. announced on Wednesday that their common stock has received approval for listing on the NYSE Amex LLC (NYSE Amex). The expectation is that the Company’s common stock will begin trading on the NYSE Amex under the symbol “LODE” on Friday, June 10, 2011.
Mr. Scott Cutler, Executive Vice President, NYSE Euronext, said, “We welcome Comstock Mining, Inc. to the NYSE Euronext family of listed companies and to NYSE Amex. Comstock and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a global brand association. We look forward to building a strong and lasting partnership with the Company and its shareholders.”
Corrado De Gasperis, Comstock Mining Inc.’s President and Chief Executive Officer, said, “Our clearance and acceptance onto the NYSE Amex marks a key objective of our corporate strategic plan. We believe this listing will raise our investment profile among a broader range of investors, improve our stock liquidity and increase our visibility with current and potential investors. We are extremely pleased to be a part of the NYSE Amex and affirm our commitment towards the highest level of corporate governance for our shareholders.”
Comstock Mining Inc. received their initial clearance letter on May 26, 2011, completed certain administrative tasks (including interviewing and selecting J. Streicher & Co., LLC as their Designated Market Maker) and received their final acceptance for listing on June 8, 2011.
Headquartered in Virginia City, Nevada, Comstock Mining Inc. is a gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. Since that time, they have consolidated a substantial portion of the Comstock District, and amassed the single largest known repository of historical and current geological data on the Comstock region. The Company has also secured permits, built an infrastructure and brought the exploration project into test mining production.
Comstock Mining Inc. continues to acquire additional properties in the district. They are expanding their footprint and creating opportunities for exploration and mining. Their strategic plan’s goal is to deliver stockholder value by validating qualified resources (at least measured and indicated) and reserves (probable and proven) of 3,250,000 gold equivalent ounces by 2013, and to start commercial mining and processing operations in 2011, with yearly production rates of 20,000 gold equivalent ounces.
For more information visit: www.comstockmining.com