NGEx Resources Inc. (TSX:NGQ) is pleased to announce that it intends to apply for a secondary listing of its common shares in Sweden on Nasdaq OMX Stockholm. Upon successful listing, the Shares on the TSX and Nasdaq OMX are expected to be fully fungible.
Pareto Securities AB has been engaged as the Company’s financial adviser in conjunction with the listing. Listing on Nasdaq OMX is subject to a number of conditions including affiliation of the Shares to Euroclear Sweden, sufficient shareholder distribution in Sweden and publication of a prospectus that is approved by the Swedish Financial Supervisory Authority. The Company’s objective is to have the listing completed by the third quarter of 2014.
Wojtek Wodzicki, President and CEO of NGEx, commented, “We are very excited about offering our shareholders the opportunity to trade their Shares on Nasdaq OMX. The past couple of years have been a period of great progress for the Company with the successful and ongoing exploration of its copper/gold projects in Chile and Argentina. We look forward to welcoming many new shareholders in Sweden when trading commences. A listing on Nasdaq OMX will complement our existing listing on the Toronto Stock Exchange by adding greater liquidity and depth of distribution.”
NGEX is a Canadian mineral exploration company with exploration projects in Chile, Argentina, and Canada. The Company’s shares are listed on the Toronto Stock Exchange under the symbol “NGQ”. The Company’s focus is on advancing its Vicuna Project which includes several large copper-gold systems including the Josemaria, Los Helados, and Filo del Sol projects, located in Chile’s Region III and San Juan Province, Argentina. Los Helados and Filo del Sol are part of a joint venture in which the Company holds 60% and Pan Pacific Copper Co., Ltd. holds 40%. Josemaria is part of a joint venture in which the Company holds 60% and Japan Oil, Gas, and Metals National Corporation (JOGMEC) owns 40%. In addition to the Vicuna Project the Company holds an extensive portfolio of 100% owned early stage exploration projects located in Chile and Argentina. It also owns a 100% interest in the GJ copper and gold project located in British Columbia Canada. The GJ project is optioned to Teck Resources who are earning up to a 75% interest.
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