MEDIA RELEASE
South Perth, Western Australia – October 29 2009 – Extract Resources (the
“Company”), a Uranium exploration and development company with projects in Namibia,
today announced its intention to jointly list 100% of the issued ordinary capital of the
Company on the Namibian Stock Exchange ("NSX").
Extract will be listed on the Development Board of the NSX.
The listing is scheduled to take place on 29th October 2009 and the sponsoring broker for
the secondary listing of the securities on the NSX will be Windhoek based IJG Securities
(Pty) Ltd ("IJG").
There will be no change to the EXT listing on either ASX or TSX. ASX remains the primary
listing for EXT.
The Chairman of Extract, Mr Steve Galloway explained that the company decided to list on
the NSX “to affirm its commitment to Namibia given its asset base in that country. It has a
number of prospective licenses in the Swakopmund and Uis areas as well as the world class
uranium deposit at Rossing South in the Husab Project area adjacent to Rio Tinto’s Rossing
Uranium Mine.”
Galloway added, “The listing will provide the following additional benefits:
• It will afford Namibians the opportunity to participate in the Company's projects in their
country;
• It will facilitate Namibian and South African investors and institutions owning EXT shares;
• It will make it easier for the Company’s Swakop Uranium staff to buy shares and to
exercise options to own shares provided as part of their remuneration and incentive
schemes, and
• It will assist in creating greater public awareness of both the Company and the uranium
industry in Namibia.”
About Extract
Extract Resources is an Australian-based uranium exploration and development Company
whose primary focus is in Namibia. The Company’s principal asset is its 100% owned Husab
Uranium Project which contains two known uranium deposit areas, Rossing South and Ida
Dome. Extensive exploration potential also exists for new uranium discoveries.
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