VANCOUVER, Sept. 28 /PRNewswire-FirstCall/ -- Golden Peaks Resources Ltd. (the"Company") (TSX Venture: GL) is pleased to announce that its common shares will be listed for trading on the Toronto Stock Exchange (the"TSX"), the senior equity trading market in Canada, effective at the opening of trading, on Monday, October 2, 2006. Following the close of trading on September 29, 2006, the common shares of the Company will cease to trade on the TSX Venture Exchange. The Company's trading symbol ("GL") and CUSIP number (38114L106) will remain the same.
"Golden Peaks' commencement of trading on Canada's senior exchange is an important development for the Company and its shareholders and is a testament to our strong management and high quality projects in Argentina," said Scott Emerson, Chairman. "The listing of Golden Peaks on the TSX will enhance the profile and visibility of the Company and also improve the liquidity for our existing shareholders and attract new retail and institutional investors."
Golden Peaks is an exploration and development company focused on acquiring new, high-potential, precious-metal deposits in Argentina that can be advanced and sold to senior mining companies. The Company's management team has over 10 years experience operating in Argentina, at both local and government levels, giving the Company the invaluable knowledge needed to react quickly and effectively to potential acquisitions, and channel them through to the discovery stage. Golden Peaks currently holds the rights to acquire a 100% interest in each of five exploration projects covering more than 385,000 acres in Argentina. With over $13.5 million in the treasury, Golden Peaks offers shareholders capacity for growth from high caliber projects at various stages of exploration, with significant discovery potential.
The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
CONTACT: Media Information, contact: Scott Emerson, Chairman and Director,
© 2006 PR Newswire
