Alderon Iron Ore Corp AXXDF

RE: NYSE Listing

[Greenandgold.]

This is stunning. I assume it's going to be an AMEX listing (I believe the market cap is too small for the big board)? Immediate benefits of the cross listing: more liquidity, new US investors, more exposure to US institutional investors and investment banks, reveals to market willingness to adhere to most stringent disclosure requirements (US GAAP). Should eventually lower the cost of capital for ADV in future private placements and debt financing.

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Most large international institutions (the Goldman Sachs, JP Morgans etc), aren't going to invest hundreds of millions of dollars in project finance in a "vulture exchange" junior. But a company cross-listed on the TSX main board and the NYSE has a chance to compete for those dollars.