Coalspur Mines Limited (ASX:CPL) Received Conditional Approval For Toronto Stock Exchange Listing
Perth, Oct 22, 2010 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (PINK:CSPZF) are pleased to announce that Coalspur has received conditional approval from the Toronto Stock Exchange ("TSX") for the listing of the Company's ordinary shares on the TSX.
The proposed dual ASX/TSX listing aims to provide increased liquidity to the Company's current and future shareholders and access to the larger North American and European capital markets.
The listing is subject to Coalspur fulfilling all of the listing requirements and conditions of the TSX on or before January 18, 2011. The Company is proceeding to comply with these requirements and anticipates that its ordinary shares will commence trading on the TSX shortly. The Company has reserved 'CPT' as its TSX symbol.
Commenting on the intended dual listing, Coalspur Managing Director, Mr Gene Wusaty, said "Our TSX listing is timely given the substantial amount of activity planned, including the impending finalization of the Pre-Feasibility Study. With our Canadian based projects and Canadian executive team we expect the Company to be well supported by the North American investment community."
About Coalspur Mines Limited
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development. Vista is located adjacent to CN Rail's main line, which is suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific countries.
| ||
|
