TORONTO, March 5, 2012 /CNW/ - St Andrew Goldfields Ltd. (TSX: SAS) (OTCQX: STADF), ("SAS" or the "Company") announces that effective today, its shares are now trading on the highest tier of the OTC market, the OTCQX in the United States under the symbol "STADF". The Company's shares will continue to trade on the Toronto Stock Exchange under the symbol "SAS".
Dorsey & Whitney LLP will serve as SAS's Principal American Liaison ("PAL") on the OTCQX, and provide guidance to the Company on OTCQX requirements.
Ernst Capital Partners (a division of du Pasquier & Co.) advised the Company during their application process for OTCQX.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. The information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about this Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.
About du Pasquier & Co.
With offices in New York and Paris, the firm is a boutique investment bank and specializes in the natural resource sector. Contact Kevin Ernst, Sr. Managing Director; firstname.lastname@example.org.
SAS (operating as "SAS Goldmines"), is a gold mining and exploration company with an extensive land package in the Timmins mining district, north-eastern Ontario, which lies within the Abitibi greenstone belt, the most important host of historical gold production in Canada. SAS is focussed on developing its assets in the Timmins Camp, with three producing mines and aggressive exploration activities across 120km of land straddling the Porcupine-Destor Fault Zone.
For further information:
For further information about St Andrew Goldfields Ltd., please contact:
Tel: 1-800-463-5139 or (416) 815-9855; Fax: (416) 815-9437; Website: www.sasgoldmines.com
Suzette N Ramcharan
Manager, Investor Relations
President & CEO
CFO, VP Finance & Administration