NEW YORK, Aug. 2, 2011 /PRNewswire/ -- SMG Indium Resources Ltd. (the "Company") (OTCBB: SMGIU), announced today that separate trading of the common stock and warrants underlying the units from the Company's initial public offering completed in May 2011 will commence on August 4, 2011. The holders of the Company's units may elect to separately trade the shares of common stock and warrants underlying the units or continue to trade the unit. Those units not separated will continue to be quoted on the Over-the-Counter Bulletin Board under the symbol "SMGIU" and each of the shares of common stock and the warrants will trade under the symbols "SMGI" and "SMGIW", respectively.
In addition, the Company has posted on its website a corporate update as well as a brief history of the Company. Please visit http://www.smg-indium.com to view the details.
A registration statement relating to the initial public offering of the Company's units and the underlying securities was declared effective by the Securities and Exchange Commission on May 4, 2011. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov.
About SMG Indium Resources Ltd.
SMG Indium Resources Ltd. purchases and stockpiles the metal indium and believes it maintains the largest strategic stockpile of indium outside of the People's Republic of China. Our strategy is to achieve long-term appreciation in the value of our indium stockpile, and not to actively speculate with regard to short-term fluctuations in indium prices. Our indium is insured and physically stored at a Brink's Global USA facility located in the United States. Our shareholders have the ability to effectively purchase an interest in indium in a manner that does not directly include the risks associated with ownership of companies that explore for, mine or process indium. For more information please contact: firstname.lastname@example.org.
SOURCE SMG Indium Resources Ltd.