SEMAFO Explores Possible Dual Listing in EuropeSEMAFO Explores Possible Dual Listing in Europe
1/20/2011 9:20:55 AM - Market Wire
MONTREAL, QUEBEC, Jan 20, 2011 (Marketwire via COMTEX News Network) --
SEMAFO(TSX:SMF) today announced that it is exploring the possibility of adual listing of its common shares on the NASDAQ OMX Stockholm exchangein Sweden.
"We have experienced significant growth in the pastyears," said Benoit La Salle, SEMAFO's President and Chief ExecutiveOfficer. "A dual listing on the NASDAQ OMX Stockholm would facilitatethe participation of European investors seeking exposure to SEMAFO andto the West African gold sector."
Erik Penser Bankaktiebolag hasbeen appointed financial adviser and Mannheimer Swartling has beenappointed Swedish legal adviser for the possible listing process.
About SEMAFO
SEMAFOis a Canadian-based mining company with gold production and explorationactivities in West Africa. The Company currently operates three goldmines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger andthe Kiniero Mine in Guinea. SEMAFO is committed to evolve in aconscientious manner to become a major player in its geographical areaof interest. SEMAFO's strategic focus is to maximize shareholder valueby effectively managing its existing assets as well as pursuing organicand strategic growth opportunities in West Africa.
Caution Concerning Forward-looking Statements
Thispress release contains forward-looking statements. Forward-lookingstatements involve known and unknown risks, uncertainties andassumptions and accordingly, actual results and future events coulddiffer materially from those expressed or implied in such statements.You are hence cautioned not to place undue reliance on forward-lookingstatements. Forward-looking statements include words or expressions suchas "explores", "possible", "would", "seeking", "evolve", "become","pursuing" and other similar words or expressions. Factors that couldcause future results or events to differ materially from currentexpectations expressed or implied by the forward-looking statementsinclude a final decision to seek listing of our common shares on theNASDAQ OMX exchange and our ability to list our common shares on suchexchange, fluctuation in the price of currencies, gold or operatingcosts, mining industry risks, uncertainty as to calculation of mineralreserves and resources, delays, political and social stability in Africa(including our ability to maintain or renew licenses and permits) andother risks described in SEMAFO's documents filed with Canadiansecurities regulatory authorities. You can find further information withrespect to these and other risks in SEMAFO's 2009 Annual MD&A, asupdated by our 2010 First Quarter MD&A, 2010 Second Quarter MD&Aand 2010 Third Quarter MD&A, and other filings made with Canadiansecurities regulatory authorities and available at www.sedar.com. Thesedocuments are also available on our website at www.semafo.com. SEMAFOdisclaims any obligation to update or revise these forward-lookingstatements, except as required by applicable law.
SOURCE: SEMAFO Inc.
SEMAFOBenoit La Salle, CA President & CEO 514-744-4408 Toll-Free:1 (888)744-4408 blasalle@semafo.com Sofia St Laurent Communications514-744-4408 Toll-Free:1 (888) 744-4408 sstlaurent@semafo.com
Copyright (C) 2011 Marketwire. All rights reserved