continental coal accesses u.s. capital markets

South African focused thermal coal producer Continental Coal (ASX: CCC, OTCQX: CGFAY), now has access to the U.S. capital markets and investors with the company's shares to commence trading on the OTCQX International under the symbol ?CGFAY?.

Continental's American Depository Receipts represents 40 of the company's ordinary shares listed on the Australian Securities Exchange.

Jason Brewer, executive director of Continental, said ?We?re confident that the combination of being quoted on OTCQX paired with the extensive expertise and support of advisor and Principal American Liaison Madison Williams will provide the connection we are seeking with the U.S. investment community."

Stephen Nash, managing director and Head of Madison Williams? OTCQX Advisory Group, said ?With its industry leading OTCQX PAL Advisory program, Madison Williams has the expertise and network to raise Continental Coal?s profile among U.S. investors."

The OTCQX is a highly visible trading platform that has attracted more than 195 companies since its inception in early 2007.

Continental is also seeking admission to the AIM Market of the London Stock Exchange, and will utilise the fast track ?Designated Markets? route for the AIM listing that is available to ASX listed companies.

It is anticipated that the AIM listing will be completed by mid-2011.

Continental has a portfolio of producing and advanced coal projects located in Southern Africa?s major
coal fields.

Following the commencement of production at the Vlakvarkfontein coal mine in May 2010, and the acquisition of Mashala Resources in October 2010, Continental is targeting production from its portfolio of export and domestic thermal coal mines of 10Mtpa ROM by 2015.

http://www.proactiveinvestors.com.au/companies/news/16247/continental-coal-accesses-us-capital-markets-and-investors-with-otc-listing-16247.html