Business
U3O8 Corp. begins trading on the Santiago Stock Exchange in Chile
Provides access to MILA – Latin America's largest stock-trading platform TORO...
About this update from Green Shift Commodities Ltd
[{"type":"text","content":"\n\nProvides access to MILA – Latin America's largest stock-trading platform \n\n\n\nTORONTO, Jan. 7, 2015 /CNW/ - U3O8 Corp. (TSX: UWE, OTCQX:  UWEFF), a Canadian-based company focused on exploration and development of uranium and associated commodities in South America, announces that its common shares began trading today on the senior market of the Santiago Stock Exchange (\"SSE\") in Chile, under the symbol \"UWE\".  U3O8 Corp's principal listing continues to be on the Toronto Stock Exchange (\"TSX\") under the symbol \"UWE\" as well as having a secondary listing on the OTCQX in the USA under the symbol \"UWEFF\".  \n\n\"A listing on the Santiago Stock Exchange reinforces our commitment to South America where we are advancing uranium deposits whose preliminary economic assessments show some of the lowest potential production costs in the industry,\" said Dr. Richard Spencer, U3O8 Corp's President and CEO.  \"This listing will expand our presence in South America by making it easier for local investors to purchase shares in U3O8 Corp., enabling them to participate directly in the growth potential of these assets in their region.  In addition, we gain access to a potential new source of capital through Chile – a country with a long mining history and home to some of the world's consistently top-performing pension funds.\"      \n\nU3O8 Corp's SSE listing also provides entry onto MILA (the Integrated Latin American Market), an integrated platform on which investors and brokers in Chile, Colombia, Mexico and Peru seamlessly trade shares listed on any of the four markets through their local stock exchange. MILA is the largest financial centre in Latin America with a combined market capitalization of over US$1 trillion.  Hence, U3O8 Corp's shares will be available on any of these stock exchanges and opens up alternative financing opportunities for the company across these major markets.\n\nAbout the Santiago Stock Exchange\n\nThe SSE in Chile is the third largest stock exchange in Latin America behind Brazil and Mexico.  Chile's pension funds manage over US$160 billion and over 40% of its assets are in equities.  Although mining accounts for more than half of Chile's exports, only eight resource companies are currently listed on its stock exchange. ...