TORONTO, Dec. 18 /PRNewswire-FirstCall/ -- Duluth Metals Limited ("DM") (TSX:DM) is pleased to announce that the Toronto Stock Exchange has agreed to have the Company's listed common shares trade in both U.S. and Canadian dollars. Effective at the opening on Tuesday, December 19, 2006, trading in the common shares of the company will commence on the Toronto Stock Exchange in U.S. funds under the symbol DM.U and will continue to trade in Canadian funds under the symbol DM. The common shares trading under the symbol DM.U will have the same CUSIP number as the common shares trading under the symbol DM, that being 26443R 10 0.
Duluth Metals Limited made the application to the Toronto Stock Exchange to quote the Company's listed common shares in both U.S. and Canadian dollars, in order to more effectively accommodate its existing U.S. investors and facilitate new U.S. investors. Some U.S. investors who expressed strong interest in the Company were unable to invest because some brokers would only deal in U.S. Dollar denominated securities or securities quoted in U.S. Dollars.
"We are very pleased with the assistance of the Toronto Stock Exchange in agreeing with our request for dual currency quotation and thereby allowing Duluth Metals to provide greater access to our U.S. shareholders and future U.S. investors. It is particularly important to have broad access to the United States marketplace since our properties are located in the U.S. and most of our activities will directly affect this market" stated Dr. Henry (Rick) J. Sandri President and CEO.
About Duluth Metals
Duluth Metals Limited was founded to acquire, explore and develop copper, nickel and platinum group metal (PGM) deposits in North America. Duluth's principal property is the Maturi Extension Property located within the rapidly emerging Duluth Complex mining camp in northeastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals.
This document may contain forward-looking statements (including "forward-looking statements" within the meaning of the US Private Securities Reform Act of 1995) relating to Duluth's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Duluth's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Duluth disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
© 2006 PR Newswire
