PetroMed, PLC (FWB:N1Z) (www.PetroMed.ca), an independent oil and
gas exploration company, announced today that the Company's common
stock has been accepted for listing and has begun public trading on
the Frankfurt Stock Exchange (FSE) and with the DAX Share Index, its
benchmark index of securities. PetroMed's trading symbol is 'N1Z' and
the German securities code (WKN) is AOK FRC, which is the equivalent
of a CUSIP in North America. PetroMed's short term goal is to make
Israel an independent producer of oil and natural gas curing the
country's energy deficit, and longer term to help Israel to become a
net energy exporter.
"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.
This communication, and all attachments, are intended to be
received only by the individual or entity to whom it is addressed and
contains information that is privileged, confidential and/or subject
to copyright. Any unauthorized use, copying, review or disclosure is
prohibited. Please notify the sender immediately if you have received
this communication in error so that we can arrange for its return.
