This past December the Frankfurt Stock Exchange cancelled their Open Market Stock Exchange. As you know Gold Horizons Mining (G.H.M) was listed on this exchange and traded under the ticker symbol GKW. We have been working on relisting the company and to date we have –
- Submitted application to new exchange along with executive summary and other questionnaire forms.
- Submitted 12 month cash flow statements and projected cash flow returns
- Submitted past financials for years 2011 and 2012
- Paid initial listing application fee to the exchange
- Confirmed Clearstream Eligibility (Clearing and Settlement)
We are in weekly communication with our listing agent. We are diligently collaborating with the listing agent in to complete the process and forward the due diligence required in order to secure the listing.
One must keep in mind that we are not the only company seeking to get relisted (there are hundreds of other companies that were also on the F.S.E) and our exchange is experiencing a substantial increased workload. Having had the experience of listing the company previously on the Frankfurt Stock Exchange we are confident the company will be relisted.
Gold Horizons Mining Co. Ltd is a start up gold and silver producer as well as an exploration company operating in Arequipa, Peru. The Company is committed to building long-term shareholder value through strategic opportunity and identification in the mineral resource sector. The Company specializes in small mine development, specifically underground, narrow vein mining. The Company’s strategy has evolved to include the processing of its own mineral, which has lowered the total costs by up to 50% per ounce. The Company, in partnership with its Peruvian joint venture partner, locates, develops, and operates near production ready mineral projects in Peru.
Forward Looking Statements
This press release contains “forward-looking information. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include statements regarding production estimates and targeted production for 2012. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “confident”, “expects”, and “estimated”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.