|By Marketwired .||
|January 23, 2014 10:16 AM EST|
PERTH, AUSTRALIA -- (Marketwired) -- 01/23/14 -- Perth-based gold explorer and developer, Azumah Resources Limited (ASX: AZM) ("Azumah" or "the Company") advises that, further to its voluntary delisting from the Toronto Stock Exchange that was effective on 13 December 2013, it has commenced making applications to the securities regulatory authorities, in each of the jurisdictions in Canada in which it is a reporting issuer, for a decision that the Company is no longer a reporting issuer in Canada. Applications will be made in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador (the "Securities Regulatory Authorities").
Subject to the granting of the decision, the Company will no longer be a reporting issuer in any jurisdiction in Canada. As a result, the Company will no longer be required to file financial statements and other continuous disclosure documents pursuant to Canadian securities laws.
A decision by the Securities Regulatory Authorities to permit the Company to cease to be a reporting issuer in Canada will not affect the Company's listing on the ASX or its reporting obligations in Australia. In this regard, Canadian resident security holders will continue to have access to all financial statements and other continuous disclosure documents required to be filed by the Company under Australian securities laws. Continuous disclosure documents of the Company as required by the policies of the ASX are available at www.asx.com.au.
For further information on Azumah Resources Limited and its projects please visit www.azumahresources.com.au.
Investment Highlights: Wa Gold Project: - 2.2Moz including 1.4Moz Measured & Indicated at 1.8g/t Au (JORC compliant) - Update of Feasibility Study and Mineral Reserves underway following substantial Mineral Resource increases - 100% of 3,100km2 licences hosting greater than 150km of prospective Birimian greenstone belt. - 15.5% strategic investment in neighbour, Castle Minerals Limited - Board and management team of successful explorers, mining and corporate professionals Issued Capital: 356.2M ordinary shares 3.0M unlisted options 4.32M performance rights Directors & Management: Chairman: Michael Atkins Managing Director: Stephen Stone Non-Executive Directors: Geoff M Jones Bill LeClair Company Secretary: Dennis Wilkins