South Perth-based uranium explorer Extract Resources Ltd will list on the Toronto Stock Exchange from October 22, the company announced today.
The full text of a company announcement is pasted below
Extract Resources Ltd (Extract) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the listing of Extract's ordinary shares, to be effective from Monday 22nd October 2007.
Extract will maintain its existing listing on the Australian Stock Exchange (ASX) as its primary listing. The stock symbol for Extract's ordinary shares is the same for both the TSX and the ASX - namely 'EXT'.
Extract has a broad international spread of shareholders, with a growing presence in the northern hemisphere. The Company believes that the TSX listing will provide an active market for shareholders through the secondary market, and which will support the Company's financing objectives through the progression of its project development phase.
In March 2007, Extract completed a private placement, AUD $15m via institutional investors through Haywood Securities out of Toronto. The offering was well received indicating strong interest in the Company's activities. There will not be a capital raising associated with the TSX listing.
Extract's Chairman, Toronto-based Bob Buchan said, "The dual listing on the TSX represents an important milestone in the development of Extract in the uranium mining industry. We believe the listing will be beneficial to all shareholders as Extract moves to the next phase of its corporate strategy".
