Plexmar Resources Inc.

Plexmar Resources Inc.

August 13, 2009 15:05 ET

Plexmar Reactivates Lima Stock Exchange (BVL) Listing Process

QUEBEC CITY, QUEBEC--(Marketwire - Aug. 13, 2009) - Plexmar Resources Inc. (TSX VENTURE:PLE) announces that it is has reactivated the listing process of its shares on the Bolsa de Valores de Lima (BVL) with Intercapital Canada Inc. The process, started in July 2008 was suspended last year due to adverse and unforeseen market conditions. (July 2, 2008 press release)

In 2009, the BVL index has increased by over 100% and has consistently been one of the most profitable exchanges in the world. Mining shares which make up 61 per cent of BVL exchange listings continue to lead the charge on account of rebounding commodities prices. Since 2005 the BVL has been listing foreign mining and exploration companies, and the regional capital markets have been very receptive as shown by these companies trading volumes.

Intercapital Canada Inc. is the Canadian subsidiary of Intercapital SAB SA, a private Peruvian brokerage house and investment bank. Intercapital is one of three chartered BVL sponsors, and the only private sponsorship entity. Intercapital's Canada office is headed by Managing Partner Luis Zapata. Mr. Zapata has years of experience in the Canadian capital markets having previously held positions at both a major Canadian brokerage house and a boutique private equity firm. Envisioned as a nexus between Canadian juniors and the Latin American capital markets, Intercapital Canada provides their clients with an all-inclusive range of financial advisory services.

The listing, in conjunction with the existing TSX-V quote of the Company's shares, is expected to provide additional demand for and liquidity in the Company's shares. "We are confident that the BVL listing will give the Company a lot of visibility in the South American financial markets and attract institutional and retail clients." says President Guy Bedard.

"We are still bullish on Plexmar's properties and future in Peru, and this BVL listing is part of a continuing effort to push forward with the company's strategic business plan. We are impressed by the progress the company has made during this difficult past year and are looking forward to continuing working with Plexmar" says Luis Zapata, Intercapital Canada's managing partner.

The Company is committed to moving forward with its projects in Peru and the application to list on the BVL further cements our confidence in the Peruvian market.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

172 M shares outstanding

Contact Information

  • Plexmar Resources Inc.
    Guy Bedard