WEST PERTH, Australia, and TORONTO, Feb. 11 /CNW/ - TMX Group and PCF
Capital Group today announced that TMX Group, through its wholly-owned
subsidiary TSX Inc., has purchased a 50 per cent equity ownership
position in Australian-based PCF MinesOnline.com Pty Ltd
MinesOnline provides an online global platform to connect buyers and
sellers of mining and exploration assets and projects from around the
world. Customers include mining companies, strategic investors, owners
of mining assets and governments.
"We look forward to working closely with PCF Capital and MinesOnline.
This relationship will work to enhance value to mining companies,
particularly in the face of increasing globalization and strong growth
within the mining sector," said Kevan Cowan, President, TSX Markets and
Group Head of Equities.
This investment will bring together the diverse MinesOnline network of
global mining companies and Toronto Stock Exchange and TSX Venture
Exchanges' international network and issuer base.
Toronto Stock Exchange and TSX Venture Exchange are the world's leading
mining exchanges with 1,531 mining and exploration companies that
represent 55 per cent of the world's public mining companies. Issuers
have access to broad capital pools on TSX and TSX Venture Exchange,
where over 80 per cent of the total global mining finance transactions
and 36 per cent of the total global value of mining financing have been
completed in the past 10 years.
"Through this investment by TMX Group, MinesOnline now provides a global
platform and conduit to major financial institutions and mining
companies from two great mining capital markets, Australia and Canada,"
said Liam Twigger, Managing Director, PCF MinesOnline.
MinesOnline is a web based platform to connect buyers and sellers of
mining projects. The MinesOnline.com website has developed into a key
source of mining project information. MinesOnline.com attracts
approximately 10,000 visits a month from over 4,000 subscribers
representing over 100 countries. Clients seeking purchasers or partners for mining assets post projects
on the website. Each new project is then highlighted in a regular
e-newsletter which is distributed to MinesOnline's growing client base.
The platform has facilitated 27 transactions of between $0.3 million
and $10.0 million. Visit: www.MinesOnline.com
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom
and other TMX Group companies provide trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto with offices in
Montreal, Calgary and Vancouver. For more information about TMX Group,
visit our website at www.tmx.com.
™ Trademark of PCF Mines Online.com Pty Ltd. Not a securities
® Registered trademarks of TSX Inc.
SOURCE TSX Venture Exchange
For further information:
Director, Corporate Communications
Warrick Hazeldine / Annette Ellis
Purple Communications, for MinesOnline
Tel: +61 (0) 8 6314 6300 / +61 417 944 616
firstname.lastname@example.org / email@example.com