(MENAFNEditorial)
Disclosure NewswireTM
iCrowdNewswire - Feb 28, 2017
Vancouver, British Columbia - Tasca Resources Ltd. ("Tasca", 'TAC or the "Company") (TSX Venture symbol: TAC) (Frankfurt: 3TA) is pleased to announce that it has completed the listing process of its common shares on the Frankfurt Stock Exchange and is now trading under the symbol "3TA" on the Quotation Board of the Frankfurt Stock Exchange, also known as Börse Frankfurt (FWB). The market maker representing Tasca in Germany is Bankhaus Scheich Wertpapierspezialist AG, licensed specialist at the Börse Frankfurt.
The listing of Tasca's shares on the Frankfurt Stock Exchange is anticipated to broaden the Company's shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Tasca by the European investing community. Tasca will maintain its primary listing on the TSX Venture Exchange.
The Frankfurt Stock Exchange is the world's third largest organized exchange-trading market in terms of turnover and dealings in securities. Only the NASDAQ and the New York Stock Exchanges are larger. The electronic trading platform of the Frankfurt Stock Exchange, XETRA, has made it the world's second-largest fully electronic cash market.
Tasca believes the Frankfurt listing marks another step forward for the Company in creating more liquidity and increase market awareness for its shareholders.
Tasca CEO Clive Massey stated, "Listing Tasca on the Frankfurt Stock Exchange as well as the TSX Venture Exchange will give the Company exposure to a much larger potential investor base. We feel this is a great opportunity for Tasca to introduce the Company and its Bleiberg Property to a receptive European investing audience."
About Tasca
Tasca Resources Ltd. is a Canadian based mining company that is focused on acquiring properties through strategic joint ventures and property acquisitions. Tasca has signed a Property Option Agreement to acquire the Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria, west of the city of Villach. The Bleiberg Property consists of 116 mining concessions in the land registry municipalities of Bad Bleiberg, Nötsch im Gailtal, St. Stefan im Gailtal and Paternion in southwestern Austria. The Bleiberg Property hosts an extensive mining infrastructure with more than 1150 kilometres of tunnels and 3 mine shafts. Historic production was about 500,000 tons per year, and it was one of the 6 largest Germanium producers in the world while it was in production. Mineralization consists of stratabound galena and sphalerite within Triassic limestones and intercalated carbonates. The sphalerite also carries average values of 200 parts per million germanium and 2000 parts per million cadmium. The historically mined mineralized bodies were stratiform zones ranging from 1 metre thick and 100 metres in diameter to 5 metres thick and several hundred metres in diameter.
For additional information regarding the above noted property and other corporate information, please visit the Company's website atwww.tascaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
'Clive Massey
Clive H. Massey
President & CEO
For further information, please contact:
Tasca Investor Relations
Phone: (604) 644-6794
Email: [email protected]/* */
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Tasca Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tasca Resources Ltd. management on the date the statements are made. Except as required by law, Tasca Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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