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Note: The following information is not intended to be financial advise of any kind whatsoever but rather is provided to facilitate understanding of some of the stock exchanges and Citigold Corporation Limited (Citigold) shares. AUSTRALIAN SECURITIES EXCHANGE (ASX) Citigold Corporation Limited commenced trading on the ASX on 23 December 1993. The ASX is Citigold's primary or home exchange. Therefore, this marketplace is the most liquid for Citigold's 'CTO' shares. Shares referred to in this section, and traded on other exchanges, are ultimately linked back to the same 'pool' of shares that are tradable on the ASX. You will need to establish an account with a stock broker who is able to trade the ASX. You will then need to deposit money with the stock broker, who will then purchase the shares (or ‘stock’) for you in accordance with your instructions. The two main brokers in Australia who trade about 50% of the shares in Citigold, principally through their OnLine internet based trading platform, are :-
Some other full service stockbrokers who trade Citigold shares are:
Citigold receives no fees of any kind from the brokers mentioned. In Australia about 60% of the trading in Citigold 'CTO' shares appears to take place through OnLine stockbrokers. Investors can hold their shares on the CTO share register directly in their own name, in a company name, your stockbrokers name or a nominee name.
If you are in Australia, then any stock broker can buy Citigold Corporation Limited shares for you. International investors may be able to open an account direct with an Australian stockbroker but often it is simpler to engage a broker or financial advisor in you local market who has the ability to trade Australian shares directly with the ASX through their affiliated broking alliances in Australia. Some international brokers who have access to the ASX are –
Australian full service brokers - http://www.asx.com.au/resources/brokers/full_service.htm Australian OnLine brokers - http://www.asx.com.au/resources/brokers/internet_based.htm FRANKFURT STOCK EXCHANGE (FSE) Citigold Corporation shares are now trading on the FSE, part of Deutsche-Borse Group. You will need to establish an account with a stock broker who is able to trade the FSE. You will then need to deposit money with the stock broker, who will then purchase the shares (or ‘stock’) for you in accordance with your instructions. The FSE is the largest stock exchange in the Euro zone which allows Europeans to purchase shares of Citigold in Euros, and within their own time zones. Citigold has a Market Maker who makes available shares in CTO from the ASX and moves them onto the FSE and maintains a market on the FSE for investors to trade their shares. The market maker is: Tradegate AG Wertpapierhandelsbank Contact: Mr. Jörg Hartmann Phone: +49 (30) 8902 1143 Email: jhartmann@tradegate.de Citigold’s FSE ticker symbol is CHP, and German Security ID number assigned to the company is WKN: 892606 NASDAQ Dubai (NASDAQ) On 19 March 2007 Citigold Corporation listed its shares on the NASDAQ. You will need to establish an account with a Dubai stock broker who is able to trade the NASDAQ. The NASDAQ trades shares in US$. You will then need to deposit money with the stock broker, who will then purchase the shares (or ‘stock’) for you in accordance with your instructions. As a new stock on the NASDAQ (and a new stock exchange) trading is not yet as active as the ASX but is expected to increase over time. A broker to contact for buying or selling shares on the NASDAQ is:
The shares listed on the NASDAQ are the same pool of shares that trade on the ASX. Shares can be moved from the ASX to the NASDAQ and vice-versa. Investors who hold shares in Citigold through their Dubai stockbroker do not appear on the Australian Citigold register in their own name but rather through the NASDAQ account with the share registry. For ASX shares to be traded on the NASDAQ, and vice versa, it is necessary for the buyer and or seller, as the case may be, to first open an account with a stockbroker in Dubai who is approved to trade the NASDAQ. For a shareholder in Australia wanting to trade their shares on the NASDAQ they will have to first transfer their shareholding to the account they have opened with the Dubai stockbroker. The Dubai time zone, being 6 hours behind Australian Eastern Standard Time, means that the NASDAQ opens at 5:45pm Australian Eastern Standard Time. This effectively extends the trading day for CTO shares. Background to the NASDAQ The NASDAQ opened for trading in September 2005 and aims to become the leading stock exchange between Western Europe and East Asia. It is unique in its region because its standards are comparable to those of leading international exchanges in New York, London and Hong Kong. Financial activities in the Dubai International Financial Centre (DIFC) are governed to international standards by an independent regulator, the DFSA. The NASDAQ is located in the DIFC, a financial free zone, which opened in 2004. AMERICAN DEPOSITORY RECEIPTS (ADR's) Citigold has a Level One ADR program in the USA. The Bank of New York Mellon is the Depository bank for the ARD's. The ADRs are not listed on any American stock exchange and therefore trade in the 'over the counter' (OTC) market between stockbrokers who trade Australian gold shares. Prices stated are in US$. ADR's are not listed on any SEC regulated stock exchange. The ADR's are a ratio of 1 (one) ADR = 20 (twenty) CTO shares listed on the ASX. Therefore the price/value should equal about 20 times an Australian share, adjusting for exchange rates. Investors who hold ADR's do not appear on the Australian Citigold register in their own name but rather through one of the Custodians, or their Nominees, authorized by the Depository bank – The Bank of New York Mellon. Custodians for BNYM are –
ADRs are often traded around the world in the OTC market. Brokers who have traded Citigold Corporation ADRs are –
(Updated August 2008) |
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