Compass Gold to Pursue Listing on Australian Stock Exchange
22 August 2012 - 5:06AM
PR Newswire (Canada)
VANCOUVER, Aug. 24, 2012 /CNW/ - Compass Gold Corporation , which
is focused on gold exploration in Mali, today announced its
intention to pursue a listing of its securities on the Australian
Stock Exchange (ASX). The company is at the early stages of this
process and intends to work towards an application to the ASX later
this year. Compass has appointed GMP Securities as lead manager and
corporate advisor to the listing process. "We believe pursuing an
ASX listing will enable the company to access favorable capital
markets in Australia, where there is a great understanding of the
value of West African assets," said James Henderson, Chairman,
President, and Chief Executive Officer. Compass does not make any
representation regarding the ability of the company to meet the ASX
listing requirements or the possible success of the application
process, or that the company will in fact apply for a listing on
the ASX. About Compass Gold Corporation Compass Gold Corporation, a
Tier 2 mining issuer listed on the TSX Venture Exchange, is focused
on gold exploration in Mali, Africa's third-largest producer of
gold. Compass, through its wholly owned subsidiary, Africa Mining
SARL, owns a 100% interest in four gold exploration permits
(Yanfolila, Dandoko, Kolondieba, and Solabougouda) as well as
holding applications over a further four areas, Mousala,
Sirakourou, Yanfolila East, and Kolondieba Nord) covering an
aggregate of 1,138 sq kms in key gold-producing regions in south
west Mali, West Africa. Further information is available at
www.compassgoldcorp.com. Forward-Looking Information This news
release may include "forward-looking statements" including
forecasts, estimates, expectations, and objectives for future
operations that are subject to a number of assumptions, risks, and
uncertainties, many of which are beyond the control of Compass Gold
Corporation. Statements regarding future fund raising and capital
expenditures are subject to all of the risks and uncertainties
normally incident with the raising of capital including, but are
not limited to, financing risks, inflation and costs of goods and
services. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially. Compass Gold
Corporation does not assume the obligation to update any
forward-looking statement, except as required by applicable law.
Neither the TSX Venture Exchange nor its regulation services
provider accepts responsibility for the adequacy or accuracy of
this news release. COMPASS GOLD CORPORATION "James Henderson" James
Henderson, President Compass Gold Corporation CONTACT: James
HendersonPresidentCompass Gold CorporationEmail:
info@compassgoldcorp.comwww.compassgoldcorp.com+1 (604)
638-8067Investor and Media RelationsRichard W. WertheimWertheim +
Company Inc.Email: wertheim@wertheim.ca+1 (416) 594-1600+1 (416)
518-8479 (cell)
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