PMI Gold Corporation
TSX : PMV
FRANKFURT : PN3N
ASX : PVM

PMI Gold Corporation

April 14, 2013 22:00 ET

PMI Gold Corporation: Placement Capacity Rises to 25%

PERTH, WESTERN AUSTRALIA--(Marketwired - April 15, 2013) - PMI Gold Corporation (TSX:PMV)(FRANKFURT:PN3N)(ASX:PVM) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Subsequent to the Company's graduation from the TSX Venture Exchange to the main board of the Toronto Stock Exchange ("TSX"), the Company has been granted a waiver from ASX listing rule 7.1 to the extent necessary to permit the Company to issue securities without security holder approval, subject to the following conditions.

  1. The Company remains subject to, and complies with, the listing rules of the TSX with respect to the issue of new securities;
  2. The Company certifies to ASX on an annual basis (on or about 31 March each year) that it remains subject to, has complied with, and continues to comply with, the requirements of TSX with respect to the issue of new securities;
  3. If the Company becomes aware of any change to the application of TSX listing rules with respect to the issue of new securities, or that the Company is no longer in compliance with the requirements of TSX with respect to the issue of new securities, it must immediately advise ASX; and
  4. The Company announces the waiver and its conditions to the market as soon as practicable.

The effect of the waiver is to increase the Company's placement capacity, without shareholder approval, up to 25%, being the private placement limit under the TSX Company Manual.

On behalf of the Board,

Collin Ellison, Managing Director & CEO

For further information please visit the PMI Gold Corporation website at www.pmigoldcorp.com.

Contact Information

  • Fig House Communications
    Rebecca Greco
    Investor Relations Canada
    +1 (416) 822-6483
    fighouse@yahoo.com

    Read Corporate
    Nicholas Read
    Investor Relations Australia
    +61 8 9388 1474 or Mobile: +61 419 929 046

    Read Corporate
    Paul Armstrong
    Investor Relations Australia
    +61 8 9388 1474 or Mobile: +61 419 929 046

    PMI Gold Corporation - Canada Contact
    Marion McGrath
    Corporate Secretary
    +1 (604) 684-6264 or Toll-Free: 1 (888) 682-8089
    +1 (604) 684-6242 (FAX)

    PMI Gold Corporation - Australia Contact
    Collin Ellison
    Managing Director & CEO
    +61 8 6188 7900
    www.pmigoldcorp.com