Storm Cat Energy Approved for Trading on Toronto Stock Exchange
Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) says that effective June 29, 2006, shares of its common stock will commence trading on the Toronto Stock Exchange (TSX) under the symbol "SME." A total of 83,399,246 common shares of the Company will be listed on the TSX, of which 66,372,396 will be available for trading, with 17,026,850 common shares reserved for future issue. Trading of the Company's common shares on the TSX Venture Exchange (TSXV) will cease as of the close of trading on June 28, 2006 and will be de-listed from the TSXV at the market opening of the TSX on June 29, 2006.
In addition, common shares of Storm Cat Energy will continue to trade on the American Stock Exchange under the symbol "SCU."
J. Scott Zimmerman, President and CEO, said: "While our affiliation with the TSXV was an important part of our capital formation since inception, graduating to the primary Canadian exchange is indicative of our growth and operational success in the past 24 months. The fluid TSX trading structure and potential for increased liquidity should allow for improved access to institutional investors. Today's listing is another benchmark in Storm Cat's evolution."
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploration and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
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