TORONTO, March 1, 2012 /CNW/ - Newcrest is pleased to advise that the Company has satisfied all conditions necessary for a secondary listing on the Toronto Stock Exchange (TSX) and trading in the Company's shares on the TSX has commenced following a listing ceremony in Toronto this morning.
Newcrest CEO Greg Robinson highlighted the opportunity provided by the TSX listing while opening the market for trading in Toronto today.
"The TSX is one of the most active markets in the world for resource companies and particularly for gold producers. A secondary listing offers Newcrest greater exposure to the global investment community and an opportunity to attract a new group of investors" Mr Robinson said.
Newcrest will be the 17th largest company listed on the TSX by market capitalisation and the 4th largest mining company on the exchange.
In conjunction with the listing, Newcrest's Head of Investor Relations, Steve Warner, is relocating to North America to improve access for the North American and European investment community. Kim Kerr, based in Melbourne, will lead Newcrest's investor relations activities in Australia, Asia and the Pacific.
Newcrest's ordinary shares are listed on the TSX under the symbol NM (ASX: NCM, POMSoX: NCM). There is no equity offering associated with this listing as the Company's strong balance sheet and operating cash flow mean that Newcrest is well positioned to fund future growth projects internally.
Macquarie Capital Markets Canada Ltd and Torys LLP acted as advisers to Newcrest's TSX listing application.
For further information:
Investor Enquiries - North America / Europe
T: + 1 212 351 5064
Investor Enquiries - Australia / Asia
T: +61 3 9522 5316
T: +61 3 9522 5593
Link Market Services
T : 1300 554 474
T : +61 2 8280 7111
This information is available on our website at www.newcrest.com.au