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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (14781)	7/21/1998 9:20:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116811

Anglogold Selects The Bank of New York for its Sponsored ADR Program 02:30 p.m Jun 29, 1998 Eastern NEW YORK, June 29 /PRNewswire/ -- The Bank of New York has been appointed by Anglogold Limited as the depositary bank for its sponsored ADR program. Anglogold is based in South Africa and is the world's largest gold mining company. Anglogold's ADR program now trades over-the-counter under the symbol ANGDY, having previously traded as an unsponsored ADR program on NASDAQ. The company intends to list on the New York Stock Exchange (NYSE) in August. Two (2) ADRs represent one (1) ordinary share. Anglogold Ltd. was formed through the merger of eight South African gold mining companies. This merger created a single, focused, independent, global gold operating company, which is the world's largest gold mining company measured both by annual gold production and proven and probable reserves. Anglogold has a post-merger market capitalization of approximately $4.8 billion. The Bank of New York is the world's largest depositary for American and global depositary receipts, facilities which allow non-U.S. companies to offer dollar-denominated securities to investors in the United States and Europe. The Bank currently issues depositary receipts for more than 1,200 programs representing over 60 countries and accounts for nearly 60% of all public sponsored depositary receipt programs. The Bank of New York was founded in 1784 by Alexander Hamilton and is the nation's oldest bank operating under its original name. It is the principal subsidiary of The Bank of New York Company, Inc. (NYSE: BK). With total assets of $59 billion as of March 31, 1998, the Company provides a complete range of banking and other financial services to corporations and individuals worldwide through its six basic businesses: Securities Servicing and Cash Processing; Corporate Banking; Asset Based Lending; Trust, Investment Management and Private Banking; Retail Banking and Financial Market Services. Additional information on the Company is available at www.bankofny.com. SOURCE The Bank of New York Copyright 1998, PR Newswire ps. otc stocks are generally difficult to get using free service but E-trade, Scwabb and so on generally are o'key