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nsx listing, page-2

  1. 27 Posts.
    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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