HONG KONG and CHEYENNE, Wyo., May 20, 2010 (GLOBE NEWSWIRE) -- Element92 Resources Corp. (OTCBB:ELRE) announced today that it is seeking a NASDAQ listing.
The Company has been in discussions with NASDAQ officials based in Hong Kong, pursuant to a listing on that exchange. NASDAQ has reserved the symbol "YIN" for the Company as we plan to change our name to Yinfu Gold shortly. Daniel Mckinney, CEO, said, "NASDAQ, as the world's largest exchange company, delivers trading and liquidity to public companies around the world, which is why we selected this exchange."
Eric D. Landheer, Head of Asia Pacific for NASDAQ, commented, "We are honored to work with Element92's management regarding the upgrade to The NASDAQ Stock Market. NASDAQ provides access to the deepest pool of capital in the world with superior execution quality that lowers the cost of capital for owners and investors. We look forward to working with Element92 to increase its visibility in the US and showcase its business in China. We look forward to a long and mutually beneficial partnership."
The Company is also working toward the closing of the Penglai (Huwei) and Roncheng gold mine acquisitions (See the News Release dated March 31, 2010).
Element92 Resources Corp. is a mineral exploration and mining company incorporated in the State of Wyoming. In addition to the proposed acquisition noted above, the Company holds options on 14 mineral claims located in Huddersfield Township and Clapham Townships in the Province of Quebec, Canada. Element92 Resources Corp. trades on the OTCBB under the symbol "ELRE."
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.