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PMI Gold Corporation: Placement Capacity Rises to 25%
PERTH, WESTERN AUSTRALIA–(Marketwired – April 15, 2013) - PMI Gold Corporation (TSX:PMV)(FRANKFURT:PN3N)(ASX:PVM) –
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Subsequent to the Company’s graduation from the TSX Venture Exchange to the main board of the Toronto Stock Exchange (“TSX”), the Company has been granted a waiver from ASX listing rule 7.1 to the extent necessary to permit the Company to issue securities without security holder approval, subject to the following conditions.
- The Company remains subject to, and complies with, the listing rules of the TSX with respect to the issue of new securities;
- The Company certifies to ASX on an annual basis (on or about 31 March each year) that it remains subject to, has complied with, and continues to comply with, the requirements of TSX with respect to the issue of new securities;
- If the Company becomes aware of any change to the application of TSX listing rules with respect to the issue of new securities, or that the Company is no longer in compliance with the requirements of TSX with respect to the issue of new securities, it must immediately advise ASX; and
- The Company announces the waiver and its conditions to the market as soon as practicable.
The effect of the waiver is to increase the Company’s placement capacity, without shareholder approval, up to 25%, being the private placement limit under the TSX Company Manual.
On behalf of the Board,
Collin Ellison, Managing Director CEO
For further information please visit the PMI Gold Corporation website at www.pmigoldcorp.com.
2013-04-14 21:16:41
Source: http://thestockvine.com/pmi-gold-corporation-placement-capacity-rises-to-25/
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