MONTREAL, Dec. 14 /CNW Telbec/ - SEMAFO (TSX: SMF) is pleased to announce that the Company will be added to the S&P/TSX Composite Index, effective at the market open on December 21, 2009.
The S&P/TSX Composite Index is used by the financial community at large as a broad indicator of market activity for the largest companies traded on the Toronto Stock Exchange.
"This marks another important milestone for the Company," said Benoit La Salle, SEMAFO's President and CEO, "We are extremely pleased to be included in the S&P/TSX Composite Index and believe that this represents recognition of SEMAFO's performance and growth. We have established a strong platform for future growth through the diligent management of our existing assets, and we are well on our way to achieve our objective of becoming a major player in our geographical area of interest."
SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Company currently operates three gold mines in Burkina Faso, Niger and Guinea. SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest, while maintaining principles and strengthening relationships to increase shareholder value.
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Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. Forward-looking statements include words such as "will be", "believe", "growth", "on our way" and other similar expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include our ability to be included or continue to be included in the S&P/TSX Composite Index, fluctuation in the price of gold, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays and other risks described in the Company's documents filed with Canadian securities regulatory authorities. Although the Company is of the opinion that these forward-looking statements are based on reasonable assumptions, such assumptions may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Readers can find further information with respect to risks in the Company's 2008 Annual MD&A, as updated in the 2009 First Quarter MD&A, 2009 Second Quarter MD&A and 2009 Third Quarter MD&A, and other filings with Canadian securities regulatory authorities available at www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
SOURCE SEMAFO INC.
For further information: For further information: SEMAFO: Benoit La Salle, President & CEO, (514) 744-4408, Toll-Free: (888) 744-4408, firstname.lastname@example.org; Sofia St Laurent, Communications, (514) 744-4408, Toll-Free: (888) 744-4408, email@example.com