NEW YORK, Aug. 9, 2012 /PRNewswire/ -- Dahlman Rose
& Company, LLC, a leading investment bank specializing in the
global natural resources supply chain, has announced its
sponsorship as Principal American Liaison (PAL) for Sydney-based Kingsrose Mining Limited (ASX:
KRM) on the OTCQX International Platform under the symbol KGRSY,
effective July 25, 2012.
Kingsrose Mining Limited is a specialist high grade, narrow vein
underground gold miner.
"We are excited to be working with Kingsrose Mining to enhance
and broaden its exposure to the US Markets. Dahlman Rose's
OTCQX Markets Group continues its commitment to Australian issuers
cross-listing on the OTCQX International market," said Chris Weekes, Co-Head OTCQX Markets Group.
As part of Dahlman Rose's
Principal American Liaison sponsorship, the firm has been retained
to provide a suite of services and will provide the PAL compliance
function for Kingsrose Mining Limited's listing on the OTCQX
International. Dahlman Rose's
suite of services distinguishes its PAL sponsorship program by
providing unique insights about the U.S. market environment and the
highest level of aftermarket service to its clients.
ABOUT DAHLMAN ROSE &
CO.
Dahlman Rose & Co., LLC
(MEMBER: FINRA/SIPC) is a research-driven investment bank focused
on energy, transportation, infrastructure, and other industries
that compose the global supply chain. The firm's industry-leading
analysts, bankers, and traders offer unique insight into the
companies and markets that provide the building blocks of the
global economy. Dahlman Rose
provides institutional sales and trading, equity research, mergers
and acquisitions advisory, and underwriting services. For more
information regarding Dahlman Rose,
please visit www.drco.com.
ABOUT KINGSROSE MINING LIMITED
Kingsrose Mining Limited is a gold producer that has an 85%
interest in the Way Linggo mine in South
Sumatra, Indonesia. The project has emerged as a small
but profitable miner from its high grade gold and silver mine,
largely due to its low operating costs. The Way Linggo mine
hosts a JORC compliant resource of 710,000 tonnes with a grade of
10.24g/t gold containing 230,030 ounces and 135.6g/t silver
containing 3,076,800 ounces, and is targeting production of 45,000
ounces of gold and 400,000 ounces of silver per annum at cash costs
of < US$300oz after silver credits.
Kingsrose owns a 4th generation contract of work
(mining title of 10,000 hectares) in Indonesia which regionally sits on the pacific
rim of fire and in close proximity to the Trans-Sumatra
Fault. Kingsrose has recently made a second high grade
epithermal gold discovery at its Talang Santo Prospect, 7km NNE of
the Way Linggo mine and has already commenced trial mining of that
ore system to supplement and sustain its gold production.
Kingsrose is currently pushing ahead with a $14 million exploration program over the next 12
months, utilizing 12 diamond drilling rigs to explore 17 prospects
for a potential 3rd mining front. At the end of the
June 2012 quarter, Kingsrose has
$34 million in cash and bullion.
For more information please visit
www.kingsrosemining.com.au
ABOUT OTCQX
The OTCQX marketplace is the premier tier of the U.S.
Over-the-Counter (OTC) market, providing investors with an
objective measure to distinguish the best OTC-traded
companies. Investor-focused companies use the
quality-controlled OTCQX platform to offer investors transparent
trading, superior information, and easy access through their
regulated U.S. broker-dealers. The innovative OTCQX platform offers
companies and their investors a level of marketplace services
formerly available only on a U.S. exchange. OTCQX
provides the highest level of visibility and access to U.S.
investors possible in the OTC Market.
For more information, please visit www.otcqx.com.
SOURCE Dahlman Rose & Co.,
LLC