China Zirconium Limited

China Zirconium Limited

August 15, 2008 09:13 ET

China Zirconium Limited Completes Canadian Public Offering and TSX Listing

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2008) -

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China Zirconium Limited (the "Company"), a Hong Kong Stock Exchange listed company, today announces it has successfully completed its public offering in Canada of 649,900 shares at a price of C$1.20 per share for gross proceeds of C$779,880.00. The Offering was conducted to facilitate the completion of the listing of the shares of the Company on the Toronto Stock Exchange (the "TSX Listing") and establish the Company's presence in the North American capital markets.

GMP Securities L.P. acted as lead agent in a syndicate which included Canaccord Capital Corporation, Cormark Securities Inc. and Blackmont Capital Inc.

The shares of the Company will begin trading today on the Toronto Stock Exchange under the symbol "CZL".

In connection with the TSX Listing, the Company has appointed Mr. Andrew Leinwand and Mr. Carl Steiss as its two independent non-executive directors in Canada effective as of today. Mr. Andrew Leinwand was also appointed as a member of the audit committee and the nomination committee. Mr. Leinwand has over 5 years of experience working at the Toronto Stock Exchange, most recently as a Listing Manager and a Senior Manger of Business Development Department responsible for Exchange Traded Funds and Structured Products. Mr. Carl Steiss was a chartered accountant with over 35 years of experience. Mr. Steiss's recognition as a leading professional within the accounting community is noted by his appointment to the PriceWaterhouse & Co. World Firm International Tax Board in 1981, and later as the Chairman in 1985. In 1999, Mr. Steiss was appointed as the Partner-in-Charge, Sales and Business Development of PricewaterhouseCoopers LLP, until his retirement in 2002.

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