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Aug 30, 2004
Mindoro Lists on Frankfurt Stock Exchange
EDMONTON, AB; Aug. 30, 2004 - Mindoro Resources Ltd. (TSX-V: MIO) today announced that its shares have been accepted for listing and trading on the Frankfurt Stock Exchange, commencing today, under the trading symbol "OLM" and the German Securities No. (WKN) 906167.
"Listing on the Frankfurt Stock Exchange will greatly increase the profile of Mindoro with both private and institutional investors across Europe," stated Tony Climie, President and CEO of Mindoro. "European investors have a substantial appetite for investing in base and precious metals exploration, particularly gold exploration. We believe this new avenue of distribution represents a great opportunity to broaden our shareholder base and increase liquidity."
Supporting a strong start to its Frankfurt listing, Mindoro will be one of the featured companies presenting at the upcoming "Stock Day 2004" in Frankfurt. This investment conference is focused on exploration and mining companies and offers the opportunity for Tony Climie and Mindoro's multilingual Chairman Dr. Gerhard Kirchner to present the Company to the Frankfurt investment community.
The Frankfurt Stock Exchange, which offers fully electronic trading facilities, is the largest of eight German stock exchanges. It ranks amongst NYSE, Nasdaq, and London as one of the world's largest stock exchanges. For more information, on the Frankfurt Stock Exchange visit: www.exchange.de.
INVESTOR RELATIONS SERVICES
In concert with its Frankfurt listing, Mindoro has retained Accent Marketing Ltd. to provide marketing and investor relations services throughout Europe. In addition to translating and distributing news releases, Accent will introduce Mindoro to European investment clubs, investment advisors, institutional investors analysts and private investors. Subject to regulatory approval, Accent will receive a fee of EUR$3,000 per month plus a stock option to purchase 50,000 shares of Mindoro at $0.23 per share and vesting in accordance with TSX Venture Exchange guidelines. The initial term of the contract is for three months.
Mindoro is a Tier One Company listed on the TSX Venture Exchange (TSX-V: MIO) and the Frankfurt Stock Exchange (OLM). The Company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines for seven years and is presently focused on six promising projects in politically stable jurisdictions of the Philippines.
For further information, contact:
Penny Gould, Executive Vice President
Phone: (780) 413-8187
Fax: (780) 426-2716
Marshall L. Farris, Ascenta Capital Partners Inc.
Phone: (604) 628-5800
Toll Free: 1-866-684-4209
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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