PetroMed Listed on the Frankfurt Stock Exchange
TORONTO (BusinessWire EON) February 12, 2007 --
"PetroMed's listing on the Frankfurt Stock Exchange will increase the profile of the Company with both private and institutional investors in Germany and across Europe," said Hagai Amir, CEO, Chairman, Founder and Director of the Toronto-based company with offices in London and Tel Aviv. "This opportunity to broaden our shareholder base comes at an excellent time for PetroMed after having received permit approval from the Israel Ministry of National Infrastructures to begin exclusive exploratory pursuit of hydrocarbons within the identified shallow water prospects offshore Tel Aviv in northern Israel."
PetroMed's share capital comprises approximately 45 million common shares issued, on a fully diluted basis, and there are 100 million authorized.
The FSE is the largest of eight German securities exchanges operated by Deutsche Borse AG, the world's largest stock exchange organization by revenue, profitability and market capitalization. The exchange has more than 300 market participants, and it is the world's third largest securities exchange in terms of turnover and dealings.
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