15/11/2007 - 13:49

Azure Minerals applies for TSX-V listing

15/11/2007 - 13:49

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West Perth-based metals explorer Azure Minerals Ltd has formally applied for the listing of its ordinary shares on the Toronto Stock Exchange's Venture Exchange, the company has announced.

West Perth-based metals explorer Azure Minerals Ltd has formally applied for the listing of its ordinary shares on the Toronto Stock Exchange's Venture Exchange, the company has announced.

 

 

The full text of a company announcement is pasted below

Azure Minerals Ltd (ASX: AZS) is pleased to advise that is has now formally applied for a listing of its ordinary shares on the TSX Venture Exchange ("TSX-V").

A preliminary prospectus has also been lodged in certain provinces of Canada, which is available on the Company's website and on SEDAR. As is normal practice in the Canadian capital markets, the pricing of the offering will be determined prior to the filing of the final prospectus.

Canadian investment banking group Versant Partners Inc. of Toronto is leading the capital raising which will be undertaken in conjunction with the TSX-V listing process.

The TSX Group, including the TSX Venture Exchange, is the largest stock exchange in the world for trading mineral resource securities. Azure believes that the Canadian listing will expose the Company to North American capital markets, which have a long history of supporting and financing mineral exploration and mining projects in Mexico.

This exposure is expected to benefit all Azure shareholders with enhanced access to exploration capital and greater international interest in the Company.

The net proceeds of the share issue will be used to continue the company's exploration program at its Pozo De Nacho, Jagüey and Los Chinos projects in Mexico.

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