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Minera Andes Obtains NASDAQ Listing
SPOKANE, Wash.--(BUSINESS WIRE)--Nov. 7, 1997--Minera Andes Incorpo(Alberta Stock Exchange:MAI.) (NASDAQ:MNEAF) The common stock of Minera Andes Inc. began trading on the U.S. NASDAQ over-the-counter market on November 5, 1997 under the symbol MNEAF.
A Canadian corporation, Minera Andes' stock has been traded since November 1995, and on The Alberta Stock Exchange in Calgary under the symbol MAI. Minera Andes has 19.2 million common shares issued and outstanding, and currently intends to retain its Alberta Stock Exchange listing.
The U.S. market listing follows the August 1997 registration of the Corporation's common stock in the U.S. under Rule 12(g) of the Securities Exchange Act of 1934.
Minera Andes is a mining exploration company that controls approximately 35 projects on about 700,000 acres of mineral exploration land in Argentina. Most of the properties are located in the Andean Cordillera and are primarily gold, copper and silver exploration targets. To date, the Corporation has reviewed approximately 200 properties in Argentina, and is currently staffed with 12 geologists. Opportunities in other countries are under review.
Although Minera Andes believes many of its mineral prospects have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property or, that if identified, any mineralization may be economically extracted.
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN. |
