HONG KONG, Sept. 16, 2010 (GLOBE NEWSWIRE) -- Yinfu Gold Corp. (OTCBB:ELRE) announced today that it has submitted its application to list on the NASDAQ stock exchange.
NASDAQ has reserved the symbol "YIN" for the Company reflecting the recent name change from Element92 Resources to Yinfu Gold Corp. Daniel Mckinney, CEO, said, "We decided to list on NASDAQ over other choices, as they are the world's largest exchange company, delivering trading and liquidity to public companies around the world."
Eric D. Landheer, Head of Asia Pacific for NASDAQ, commented, "We are pleased to work with Yinfu Gold's management team regarding the listing upgrade to The NASDAQ Stock Market and increase its visibility in the U.S. and around the world."
The Company is also working toward the closing of the Guolanchong gold mine, a producing gold property with a mining license for 0.8 sq. km. (See the News Release dated August 11, 2010.)
The Company has applied for an exploration license for a total of 18 sq km of favorable mineralization zones surrounding the existing mining license area. The application is being processed with the related government authorities.
Yinfu Gold Corp. is a mineral exploration and mining company incorporated in the state of Wyoming. The Company owns two gold mines in Shandong, China, and holds options on fourteen mineral claims located in Huddersfield Township and Clapham Townships in the Province of Quebec, Canada. Yinfu Gold trades on the OTCBB under the symbol "ELRE." The transfer agent is Transfer Online, Inc. of Portland, Oregon.
Forward-Looking Statements
Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.