The Frankfurt exchange is the third-largest organized exchange-trading market in the world (just behind the NYSE and Nasdaq), in terms of turnover and dealings in securities. Consequently, GBRC anticipates a much wider, international market access for its shares. The listing on the Frankfurt Stock Exchange will provide increased exposure to worldwide capital markets and will enable European institutional and individual investors to trade the Corporation's common stock in Euros.
RG Securities AG, a major German investment banking and brokerage firm acted as the designated sponsor of GBRC for the Frankfurt listing. RG Securities AG has extensive experience on the FWB and XETRA. RG Securities AG is a full member of the Frankfurt Stock Exchange and XETRA.
"With our increased business dealings in European markets and our large European shareholder base, we felt a presence on one of the European stock exchanges was important for GBRC and its shareholders," stated Frank Pringle, CEO of Global Resource Corp.
Global Resource Corp. has patent pending processes that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands, waste oil streams and bituminous coal with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. GBRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
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