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Monday, 30th July 2007 (2850 views)

Canada-based Paramount Gold has announced that it is to be listed on the American Stock Exchange (Amex), following approval from the exchange.

From August 1st, the stock will be listed as PZG, with the company believing that the Amex listing will allow investors across north America to be better involved with the company's continuing discovery efforts.

"Our Amex listing will allow better access for Canadian and US investors to participate in our current exploration programme at our San Miguel silver and gold project in the Sierra Madre gold/silver belt in Mexico," said Christopher Crupi, chief executive officer of Paramount Gold.

The San Miguel project is located in the Chihuahua area of Mexico and is part of the Sierra Madre belt which has historical production figures of 40 million ounces of gold, according to the Paramount Gold website.

Mr Crupi added that the stock exchange listing is an "important step" in his company's efforts to "ensure a liquid trading market" for the Paramount shareholders.

Paramount also has a project in the Andrea region of Mexico.

 

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