(Source: MARKETWIRE)
Crocodile Gold Corp. (TSX: CRK) today announces that following the
completion of the business combination agreement with Franc-Or
Resources Corporation ("Franc-Or") (see Crocodile Gold Press Release
dated November 3, 2009) it will commence trading on Toronto Stock
Exchange under the symbol "CRK". This will occur at market open on
Friday, November 6, 2009 and the common shares of Franc-Or (TSX: FOR)
will be delisted.
Crocodile Gold Corp. has also been invited to open the market at the
start of trading on the TSX on November 12, 2009 as part of a TSX
Listing Ceremony to mark the occasion.
Mike Hoffman, President and CEO of Crocodile Gold commented, "We are
proud to have Crocodile Gold being publicly traded on Toronto Stock
Exchange. In the coming months as we ramp up to full production of
over 100,000 ounces of gold in 2010, we look forward to delivering
shareholder value through generating positive cash flow, further
exploring our tenement package and expanding production during 2010.
We have commenced development work at the mines and are progressing
on an extensive exploration program to expand our resource base."
Stan Bharti, Chairman of Crocodile Gold commented, "We are excited
about the commencement of trading as this represents a significant
step forward for Crocodile Gold. We look forward to working with our
shareholders and building Crocodile Gold into an intermediate gold
producer."
Management of Crocodile Gold includes:
Michael Hoffman, President, Chief Executive Officer and Director, is
a professional mining engineer with over 25 years of experience in
operations, projects and corporate development. He has served in
senior executive positions at Crowflight Minerals Inc., Goldcorp
Inc., Desert Sun Mining Corp. and Yamana Gold Inc.
Brad Boland, Chief Financial Officer, is a Certified Management
Accountant. He has experience in senior executive positions at
Consolidated Thompson Iron Mines Limited, Kinross Gold Corp. and
Goldcorp Inc.
Grant Davey, Chief Operating Officer, is a mining engineer with
almost 20 years of experience in the mining industry including senior
mine and operational management roles within the AngloGold Ashanti
and Anglo American organizations in South Africa and Australia.
The Board of Directors of Crocodile Gold includes, in addition to
Michael Hoffman:
Stan Bharti, Chairman, has over 25 years of experience in operations,
public markets and finance. Over the last ten years Mr. Bharti has
been involved in acquiring, restructuring and financing companies.
Mr. Bharti is a director of several public and private companies.
Chris Bradbrook, Vice Chairman, has more than a 25-year career in the
mining industry.
