Indochine Lists on Port Moresby Stock Exchange (POMSoX)
Sydney, Sep 5, 2013 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) ("Company") is pleased to announce that it has been admitted to the Port Moresby Stock Exchange (POMSoX) in Papua New Guinea (PNG). The Company's shares will commence trading on Friday 6th September 2013 under the code IDC.
The POMSoX listing demonstrates the Company's confidence in PNG's mining sector and the local investment community as well as the support provided by local communities and the Government of PNG. The Company looks forward to expanding its shareholder base and welcomes participation in its securities by the landowner groups, institutional funds and the general public in PNG.
Indochine Mining Limited, through its wholly owned PNG subsidiary, Summit Development Limited, has recently transformed its flagship gold project at Mt Kare in Enga Province, by rapidly increasing and developing high grade gold zones by planned underground development. The company is targeting high grade, high margin gold production of 175-200,000 oz/yr in 2015. Indochine's key strengths have been to use a 'Melanesian approach' to achieve community support that has engendered government support, and to partner with mining experts, together with the backing of some of the world's largest funds.
The local share registry for shares traded on POMSoX will be managed by PNG Registries Limited.
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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