SEMAFO Begins Trading on NASDAQ OMX Stockholm
Montreal, Quebec, October 20, 2011, 08:50 CEST - SEMAFO Inc. (TSX, OMX:
SMF) today announced the commencement of trading of its common shares
through a secondary listing on the NASDAQ OMX Stockholm exchange in
Sweden. Shares on the secondary listing will be traded and settled in
Swedish kronor (SEK) under the ticker symbol “SMF”.
Commenting on the milestone, Benoit La Salle, SEMAFO's President and
Chief Executive Officer said, “When SEMAFO was founded in 1995, it was a
grassroots exploration company with the vision to build an ethical,
reputable world-class gold-producing company. Today, 16 years later, the
Corporation is a three-mine gold producer with a solid platform for
sustainable growth.”
“SEMAFO's listing on the NASDAQ OMX Stockholm Large Cap today serves to
reinforce our value-creation strategy. By doing so, we are providing
European investors with the opportunity to take advantage of SEMAFO's
unique savoir-faire, consistently solid operating results, and the
exceptional opportunity to participate in the discovery of a new mining
district.”
Erik Penser Bankaktiebolag is the financial adviser and liquidity
provider and Mannheimer Swartling is the Swedish legal adviser for the
listing process.
About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and
exploration activities in West Africa. The Corporation currently
operates three gold mines: the Mana Mine in Burkina Faso, the Samira
Hill Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed
to evolve in a conscientious manner to become a major player in its
geographical area of interest. SEMAFO's strategic focus is to maximize
shareholder value by effectively managing its existing assets as well as
pursuing organic and strategic growth opportunities.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and
assumptions and accordingly, actual results and future events could
differ materially from those expressed or implied in such statements.
You are hence cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements include words or expressions such
as “vision”, “sustainable”, “growth”, “reinforce”, “value-creation”,
“strategy”, “opportunity”, “consistently”, “discovery”, “committed”,
“evolve”, “become”, “focus”, “maximize”, “pursuing” and other similar
words or expressions. Factors that could cause future results or events
to differ materially from current expectations expressed or implied by
the forward-looking statements include the ability to execute on our
vision, the ability of our platform to deliver sustainable growth, the
ability to execute on our value-creation strategy, the ability to
discover a new mining district, the ability to execute on our strategic
focus, fluctuation in the price of currencies, gold or operating costs,
mining industry risks, uncertainty as to calculation of mineral reserves
and resources, delays, political and social stability in Africa
(including our ability to maintain or renew licenses and permits) and
other risks described in SEMAFO's documents filed with Canadian
securities regulatory authorities. You can find further information with
respect to these and other risks in SEMAFO's 2010 Annual MD&A and 2010
Annual Information Form, as updated in SEMAFO's 2011 First Quarter MD&A
and 2011 Second Quarter MD&A, and other filings made with Canadian
securities regulatory authorities and available at www.sedar.com. These
documents are also available on our website at www.semafo.com. SEMAFO
disclaims any obligation to update or revise these forward-looking
statements, except as required by applicable law.
The above information has been made public in accordance with the
Swedish Securities Market Act and/or the Financial Instruments Trading
Act.
For more information contact:
SEMAFO
Sofia St Laurent Maria Bang
Communications Brunswick Group
Stockholm
Tel: +1 (514) 744 4408 Tel: +46 (8) 410 32
189
North America Toll-Free: 1 (888) 744 4408
Email:mbang@brunswickgroup.com (mbang@brunswickgroup.com)
Email:sstlaurent@semafo.com (sstlaurent@semafo.com)
Website: www.semafo.com (http://www.semafo.com)
