American Stock Exchange Lists Common Stock of Northern Orion Resources, Inc.
08 April 2004 - 4:50PM
PR Newswire (US)
American Stock Exchange Lists Common Stock of Northern Orion
Resources, Inc. NEW YORK, April 8 /PRNewswire/ -- The American
Stock Exchange(R) (Amex(R)) today listed the common stock of
Northern Orion Resources, Inc. under the ticker symbol NTO.
Northern Orion Resources, Inc. is a mid-tier copper and gold
producer presently generating substantial cash flow from its 12.5%
ownership interest in the Bajo de Alumbrera mine in Argentina. With
its low operating costs and mature operation, Alumbrera should
provide the necessary cash flow which, together with project debt,
could bring Northern Orion's 100%-owned Agua Rica copper/gold
project into production without further significant equity
dilution. "We are pleased to welcome Northern Orion to the American
Stock Exchange," said John McGonegal, senior vice president of the
Amex Equities Group. "As a global leader in gold and mining
listings, we look forward to working with Northern Orion on
building increased investor attentionand visibility within the U.S.
marketplace." "Northern Orion provides unhedged commodity exposure
to copper and gold through our current production and assets. Our
listing on the Amex will facilitate the participation of U.S.
investors in our currentlow cost copper and gold production which
is generating significant cash flow," commented David Cohen,
President and CEO of Northern Orion. "We are pleased to offer
increased additional liquidity to our current shareholders and
provide access to a broader market through the Amex." The
specialist in Northern Orion Resources, Inc. will be Kellogg
Capital Group, LLC. For further information on NTO and other
Amex-listed companies, please visit http://www.amex.com/. The
American Stock Exchange(R) (Amex(R)) is the only primary exchange
that offers trading across a full range of equities, options and
exchange traded funds (ETFs), including structured products and
HOLDRS(SM). In addition to its role as a national equities market,
the Amex is the pioneer of the ETF, responsible for bringing the
first domestic product to market in 1993. Leading the industry in
ETF listings, the Amex lists 138 ETFs. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
DATASOURCE: The American Stock Exchange CONTACT: Media - Lynn Duffy
of the American Stock Exchange, +1-212-306-1654, Web site:
http://www.amex.com/
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