Vancouver, British Columbia (FSCwire) – Tasca Resources Ltd. (“Tasca”, “TAC” or the “Company”) (TSX Venture symbol: TAC) (Frankfurt: 3TA) is pleased to announce that it has completed the listing process of its common shares on the Frankfurt Stock Exchange and is now trading under the symbol “3TA” on the Quotation Board of the Frankfurt Stock Exchange, also known as Börse Frankfurt (FWB). The market maker representing Tasca in Germany is Bankhaus Scheich Wertpapierspezialist AG, licensed specialist at the Börse Frankfurt.
The listing of Tasca’s shares on the Frankfurt Stock Exchange is anticipated to broaden the Company’s shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Tasca by the European investing community. Tasca will maintain its primary listing on the TSX Venture Exchange.
The Frankfurt Stock Exchange is the world’s third largest organized exchange-trading market in terms of turnover and dealings in securities. Only the NASDAQ and the New York Stock Exchanges are larger. The electronic trading platform of the Frankfurt Stock Exchange, XETRA, has made it the world’s second-largest fully electronic cash market.
Tasca believes the Frankfurt listing marks another step forward for the Company in creating more liquidity and increase market awareness for its shareholders.
Tasca CEO Clive Massey stated, “Listing Tasca on the Frankfurt Stock Exchange as well as the TSX Venture Exchange will give the Company exposure to a much larger potential investor base. We feel this is a great opportunity for Tasca to introduce the Company and its Bleiberg Property to a receptive European investing audience.”
Tasca Resources Ltd. is a Canadian based mining company that is focused on acquiring properties through strategic joint ventures and property acquisitions. Tasca has signed a Property Option Agreement to acquire the Bleiberg zinc-lead-germanium-fluorite project, located in southern Austria, west of the city of Villach. The Bleiberg Property consists of 116 mining concessions in the land registry municipalities of Bad Bleiberg, Nötsch im Gailtal, St. Stefan im Gailtal and Paternion in southwestern Austria. The Bleiberg Property hosts an extensive mining infrastructure with more than 1150 kilometres of tunnels and 3 mine shafts. Historic production was about 500,000 tons per year, and it was one of the 6 largest Germanium producers in the world while it was in production. Mineralization consists of stratabound galena and sphalerite within Triassic limestones and intercalated carbonates. The sphalerite also carries average values of 200 parts per million germanium and 2000 parts per million cadmium. The historically mined mineralized bodies were stratiform zones ranging from 1 metre thick and 100 metres in diameter to 5 metres thick and several hundred metres in diameter