Mantra Resources seeks Toronto listing

Perth-based uranium explorer Mantra Resources says it will seek dual listing on the Toronto Stock Exchange later this year to access larger capital markets.

Mantra has engaged Haywood Securities to act as its sponsor for the TSX listing.

The company holds a number of uranium projects in southern Africa.

The announcement is below:

Mantra Resources Limited ("Mantra" or "Company") is pleased to announce that it intends to seek a dual listing on the Toronto Stock Exchange ("TSX") later this year. The Directors believe that a dual listing on the TSX represents an important milestone in the Company's development and will further raise the profile and status of the Company within the global investment community. The dual listing on the TSX will provide increased liquidity to the Company's current and future shareholders and provide increased access to the larger Canadian and other northern hemisphere capital markets.

The Company has engaged Haywood Securities Inc. ("Haywood") to act as the Company's sponsor for the intended TSX listing.

The Company will maintain its existing listing on the Australian Securities Exchange ("ASX") as its primary listing. Existing shareholders can trade their shares on the TSX, but before doing so, will need to transfer their shares to the relevant share registry and establish an account with an appropriate stockbroker. The Company's share registrar will be able to provide further details on such procedures to interested shareholders once the listing is completed.