RIO DE JANEIRO, BRAZIL, June 27 /CNW/ - MMX Mineracao e Metalicos S.A. ("MMX") (Pink Sheets: MMXMY) has the pleasure to inform that its Global Depositary Receipts have commenced trading on the Toronto Stock Exchange ("TSX") today, under the ticker symbol "XMM". We believe that this initiative will enable us to broaden our shareholder base by attracting additional investors with knowledge of the global mining sector.
Our initial public offering in the Novo Mercado segment of the Bovespa took place in July 2006, and was the largest initial public offering completed in Brazil at that time. From the commencement of trading of our common shares on the Bovespa until the present date, our shares have appreciated 158%, well above the Bovespa index, which we believe evidences that investors recognize both the soundness and the progress of our projects.
For MMX, the first Brazilian company to list securities on the TSX, this is a time to celebrate. Nearly one year after our IPO, we now mark our success with the arrival on the Toronto Stock Exchange, a world leader in the mining sector.
Luiz Rodolfo Landim Machado Executive President and Investor Relations Officer MMX Mineracao e Metalicos S.A.