23/10/2007 - 22:00

Monarch Gold joins TSX listings

23/10/2007 - 22:00

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THE number of Western Australian companies to have listed or plan to list on the Toronto Stock Exchange has risen to 19 after West Perth-based Monarch Gold Mining Company Ltd said it would list early next year. Monarch, which is being advised by Prime Corporate Finance on the TSX listing, recently listed on one of the world’s newest stock markets, the Dubai International Financial Exchange. Monarch chairman Michael Kiernan said listing on the TSX would provide increased investment exposure. “This dual listing for Monarch on the TSX would significantly increase our scope and exposure to the large Northern American market, and deliver long-term value for shareholders,” Mr Kiernan said. Other WA companies to have listed on the TSX recently include diversified explorer Extract Resources Ltd, whose shares started trading on the Canadian market this week. Uranium explorers Bannerman Resources Ltd and Fusion Resources Ltd, copper explorer Tiger Resources Ltd and gold companies Azure Mineral Ltd and Dioro Exploration are pursuing TSX listings.

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